824 S May St UNIT BChicagoIL60607
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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 824 S May St UNIT B, Chicago, IL, 60607 with 5% annual appreciation on a $473,000 basis while $3,673/mo rent supports operations. Total monthly income totals $3,673/mo and a $2,315/mo payment preserves $392/mo for cash returns. Annual cash flow comes to $4,707/yr on $156,800 deployed, and return on cash invested reaches 22.91% in year one. Equity gained on principal adds $3,052/yr, and five-year appreciation sums $130,681 alongside rental yield of 9.32%. Five-year ROI measures 119.94% and total cumulative return in cash totals $188,067.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,673/mo property income versus a $2,315/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
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