9044 S Merrill Ave,Chicago,IL,60617

Investment Highlights

Investment property for sale in Chicago at 9044 S Merrill Ave, Chicago, IL, 60617 uses $96,135 cash to close to unlock $3,035/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $2,264/mo, and a $1,419/mo payment keeps the spread at $253/mo. Purchase price stands at $290,000, and rental yield measures 9.37% with $2,264/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 120.73% and total cumulative return in cash records $116,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,264/mo property income covering a $1,419/mo payment rather than investor’s personal income.