7964 S Tripp AveChicagoIL60652
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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
Rental property for sale in Chicago at 7964 S Tripp Ave, Chicago, IL, 60652 generates $3,360/mo in rent and, after a $1,727/mo payment, leaves $913/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $10,950/yr on $116,986 invested. Return on cash invested sits at 29.27% in year one, and rental yield is 11.43% on a $352,900 entry. Equity gained on principal adds $2,277/yr, while 5% annual appreciation builds toward $97,500 over five years. Five-year ROI reaches 154.03% and total cumulative return in cash sums $180,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
4,770 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60652, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,445 (100%) |
| Owner Occupied HU | 10,746 (79.9%) |
| Renter Occupied HU | 2,073 (15.4%) |
| Vacant Housing Units | 626 ( 4.7%) |
| Median Home Value | $253,889 |
| Average Home Value | $270,365 |
Housing Distribution
Address Breakdown
Residential
12,991
Single Family
11,775
Multi-Family
1,216
Businesses
602
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