8548 S Essex Ave,Chicago,IL,60617

Investment Highlights

Investment property for sale in Chicago at 8548 S Essex Ave, Chicago, IL, 60617 listed at $349,000 pairs $2,498/mo rent with a $1,708/mo payment to leave $77/mo cash flow. Total monthly income runs $2,498/mo, and annual cash flow reaches $929/yr on $115,694 cash to close. Return on cash invested measures 20.71% in year one, and rental yield registers 8.59% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 108.15% and total cumulative return in cash totals $125,124. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,498/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).