8117 S Richmond StChicagoIL60652
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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 8117 S Richmond St, Chicago, IL, 60652 priced at $389,900 converts $3,364/mo rent into $660/mo cash flow after a $1,908/mo obligation. Total monthly income equals $3,364/mo, and annual cash flow totals $7,919/yr on $129,252 invested. Return on cash invested prints 26.04% in year one, and rental yield reads 10.35% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 136.67% and total cumulative return in cash sums $176,653. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,364/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1962
3,780 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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