8819 S Carpenter 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
Investment property for sale in Chicago at 8819 S Carpenter St, Chicago, IL, 60620 uses $39,747 cash to close to unlock $1,382/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $947/mo, and a $587/mo payment keeps the spread at $115/mo. Purchase price stands at $119,900, and rental yield measures 9.48% with $947/mo rent. Return on cash invested shows 23.39% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 122.58% and total cumulative return in cash records $48,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $947/mo property income covering a $587/mo payment rather than investor’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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