908 N Winchester AveChicagoIL60622
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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
Rental property for sale in Chicago at 908 N Winchester Ave, Chicago, IL, 60622 generates $8,549/mo in rent, after a $9,544/mo payment. Total monthly income is $8,549/mo. Return on cash invested sits at 10.92% in year one, and rental yield is 5.26% on a $1,949,900 entry. Equity gained on principal adds $12,582/yr, while 5% annual appreciation builds toward $538,721 over five years. Five-year ROI reaches 55.53% and total cumulative return in cash sums $350,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,549/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60622, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,030 (100%) |
| Owner Occupied HU | 9,870 (35.2%) |
| Renter Occupied HU | 16,053 (57.3%) |
| Vacant Housing Units | 2,107 ( 7.5%) |
| Median Home Value | $612,259 |
| Average Home Value | $695,744 |
Housing Distribution
Address Breakdown
Residential
24,386
Single Family
11,594
Multi-Family
12,792
Businesses
1,873
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