7505 N Oconto AveChicagoIL60631
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Chicago at 7505 N Oconto Ave, Chicago, IL, 60631 uses $142,512 cash to close to unlock $315/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $3,008/mo, and a $2,104/mo payment keeps the spread at $26/mo. Purchase price stands at $429,900, and rental yield measures 8.4% with $3,008/mo rent. Return on cash invested shows 20.13% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 105.02% and total cumulative return in cash records $149,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,008/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1959
4,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60631, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,406 (100%) |
| Owner Occupied HU | 9,076 (73.2%) |
| Renter Occupied HU | 2,644 (21.3%) |
| Vacant Housing Units | 686 ( 5.5%) |
| Median Home Value | $436,712 |
| Average Home Value | $473,181 |
Housing Distribution
Address Breakdown
Residential
12,221
Single Family
8,726
Multi-Family
3,495
Businesses
1,037
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