7724 S King DrChicagoIL60619
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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 7724 S King Dr, Chicago, IL, 60619 uses $69,051 cash to close to unlock $8,709/yr annual cash flow and $726/mo monthly cash flow. Total monthly income runs $2,171/mo, and a $1,020/mo payment keeps the spread at $726/mo. Purchase price stands at $208,300, and rental yield measures 12.51% with $2,171/mo rent. Return on cash invested shows 32.52% in year one, and 5% annual appreciation builds toward $57,549 over five years. Five-year ROI reaches 171.47% and total cumulative return in cash records $118,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,171/mo property income covering a $1,020/mo payment rather than investor’s personal income.
Single Family
Built in 1909
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60619, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,039 (100%) |
| Owner Occupied HU | 11,676 (35.3%) |
| Renter Occupied HU | 16,942 (51.3%) |
| Vacant Housing Units | 4,421 (13.4%) |
| Median Home Value | $230,022 |
| Average Home Value | $268,206 |
Housing Distribution
Address Breakdown
Residential
27,388
Single Family
15,468
Multi-Family
11,920
Businesses
1,470
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