9956 S Wallace StChicagoIL60628
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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 9956 S Wallace St, Chicago, IL, 60628 earns $2,555/mo cash flow from $3,463/mo rent with a $641/mo payment. Total monthly income totals $3,463/mo, and annual cash flow totals $30,654/yr on $43,427 capital. ROI tracks 90.5% on current figures, and rental yield reads 31.72% at a $131,000 purchase. Equity gained on principal adds $845/yr, and 5% annual appreciation supports $36,193 over five years. Five-year ROI reaches 482.4% and total cumulative return in cash sums $209,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,463/mo property income instead of your personal income.
Single Family
Built in N/A
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
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Listed by: Scott Siegel • Chicago Real Estate Authority
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12261193
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)