964 E 62nd St APT 3CChicagoIL60637
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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 964 E 62nd St APT 3C, Chicago, IL, 60637 generates $1,849/mo in rent and, after a $860/mo payment, leaves $630/mo in cash flow. Total monthly income is $1,849/mo, and annual cash flow is $7,563/yr on $58,245 invested. Return on cash invested sits at 32.89% in year one, and rental yield is 12.63% on a $175,700 entry. Equity gained on principal adds $1,134/yr, while 5% annual appreciation builds toward $48,543 over five years. Five-year ROI reaches 173.54% and total cumulative return in cash sums $101,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,849/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
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