946 N Wood St #1ChicagoIL60622
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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 946 N Wood St #1, Chicago, IL, 60622 listed at $647,200 pairs $5,249/mo rent with a $3,168/mo payment to leave $522/mo cash flow. Total monthly income runs $5,249/mo, and annual cash flow reaches $6,260/yr on $212,929 cash to close. Return on cash invested measures 23% in year one, and rental yield registers 9.73% at a $647,200 basis. Equity gained on principal adds $4,176/yr, and annual property appreciation at 5% supports $178,809 by year five. Five-year ROI tracks 120.86% and total cumulative return in cash totals $257,351. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,249/mo property income relative to a $3,168/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
3,034 sqft lot
$N/A/sqft
$238 monthly 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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