8400 S Wabash AveChicagoIL60619
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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 8400 S Wabash Ave, Chicago, IL, 60619 uses $66,300 cash to close to unlock $416/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $1,422/mo, and a $979/mo payment keeps the spread at $35/mo. Purchase price stands at $200,000, and rental yield measures 8.53% with $1,422/mo rent. Return on cash invested shows 20.54% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 107.22% and total cumulative return in cash records $71,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,422/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1947
4,752 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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