Zip Code 60407 — Chicago, IL
🟢GOOD— solid returnsCap Rate
6.8%
Monthly Cash Flow
+$69
Median Home Price
$223,443
DSCR
1.06
🏠 Fair Market Rents
- Studio
- $1,090/mo
- 1 Bedroom
- $1,190/mo
- 2 Bedroom
- $1,480/mo
- 3 Bedroom
- $1,920/mo
- 4 Bedroom
- $2,070/mo
📊 Investment Metrics
- Cap Rate
- 6.8%
- Cash-on-Cash Return
- 1.6%
- Price-to-Rent Ratio
- 9.7
- 1% Rule
- 0.86%
- Gross Rent Multiplier
- 9.7
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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