8059 S Morgan StChicagoIL60620
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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 8059 S Morgan St, Chicago, IL, 60620 priced at $310,000 converts $2,732/mo rent into $582/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,732/mo, and annual cash flow totals $6,985/yr on $102,765 invested. Return on cash invested prints 26.71% in year one, and rental yield reads 10.58% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 140.32% and total cumulative return in cash sums $144,199. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,732/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1923
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60620, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 12,415 (40.8%) |
| Renter Occupied HU | 14,209 (46.7%) |
| Vacant Housing Units | 3,834 (12.6%) |
| Median Home Value | $211,549 |
| Average Home Value | $257,963 |
Housing Distribution
Address Breakdown
Residential
25,226
Single Family
16,860
Multi-Family
8,366
Businesses
1,415
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