Likely sold or withdrawnWe last saw this listing 25 days ago. It may no longer be available — treat these numbers as a reference and confirm with the listing agent before acting.
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2 BED CONDOListed 31d ago
Strong return buy-to-let
195 N Harbor Dr APT 4609, Chicago, IL 60601 · 1,140 sqft · $414/sqft
Real 9.19% return before costs with manageable risks.
Why it works
9.19% return before costs — above-market
Why to be cautious
Monthly profit −$450/mo — significantly negative — real recurring drain
No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
−$450/mo
You top up $450/mo
Price
$472K
No local sold comps to compare
Return · IRR
—
Not modelled
Cash to get in
$215K
Deposit + fees + refurb
Return before costson price9.19%5-yr return on cash -9%Rent est. $3,613 ($3,001–$4,350)
How we define each return:On price — gross yield = annual rent ÷ purchase price.On cost — net yield ÷ total project cost (price + refurb + fees).On cash — cash-on-cash & ROI ÷ the actual cash you put in (deposit + costs).
Listing seen …
What-if calculator
Edit any input — outputs recalc live
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer ($)
Monthly rent ($)
Local comp range: $3,001–$4,350/mo · n=32
Financing
DepositYour cash in — the rest is the mortgage25% · $118,000
5%100% (cash buy)
Standard 75% LTV for rental
Mortgage rate5y fixed7.0%
3.0%9.0%
5-year fixed (market average) — 7.00% (as of 2026-05).
Mortgage term (years)
Stress rate8.0%
5.0%9.0%
Fed base + 2pp stress (8.0%)
Acquisition costs
Refurb ($)
Tiered estimate (full refurb): $59,940–$112,280 range from $/sqft + per-room model
Legal + survey ($)
Standard house — $1,400 legal + $750 survey
Mortgage fees ($)
2% product fee on $354,000 loan + $1,000 booking fee
Running costs
Management10%
0%20%
Typical rental agency rate
Void weeks
Typical voids for rental
Insurance ($/mo)
Typical building+landlord cover for $400K+
Maintenance ($/mo)
Default $67/mo — type unknown
Result · Rent it out
Monthly profit
-$450
after mortgage, operating costs & tax
Rent in$3,613/mo
$3,474Collected
$3,474/mo actually reaches you — the other $139 is lost to voids: the weeks a rental sits empty between tenants, when no rent comes in.
Where it goes
$2,355Mortgage$1,708Costs
Outgoings exceed rent — you top up $450/mo
Mortgage$2,355
Costs$1,708
Management$361
Maintenance$67
Insurance$40
CapEx reserve$181
Voids + council tax$9
Ltd co. accounts$104
Tax—
Shortfall−$450
Returns
Return before costson price9.19%
Cash returnon cash-2.51%
Gross margin$1,766
Cash needed$215,202
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check0.75
Rent-covers-mortgage check FAIL (need ≥ 1.00)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
Year
Gross Rent
Op Costs
Mortgage
Equity Built
Tax
Net
Cumulative
Year 1
$43,356
$20,497
$28,262
$0
$0
-$5,403
-$5,403
Year 2
$44,657
$21,111
$28,262
$0
$0
-$4,717
-$10,119
Year 3
$45,996
$21,745
$28,262
$0
$0
-$4,011
-$14,130
Year 4
$47,376
$22,397
$28,262
$0
$0
-$3,283
-$17,413
Year 5
$48,798
$23,069
$28,262
$0
$0
-$2,534
-$19,947
Year 5 disposal
Disposal gain (gross)-$61,602
CGT$0
Net Disposal proceeds$508,098
What we verified
What we verified
2 total · click to expand
20002 ok · 0 caution · 0 fail · 0 unknown
Investor
Tenant profileMixed demand
Tenant profilelikely cohort2 bed
Primary profile
Mixed demand
Nearest university
for student-let assessment
University of Glasgow · 5898.2 km
Reason
Mixed-demand area without a single dominant tenant cohort. Local lettings agent can clarify.
Likely sold or withdrawnWe last saw this listing 25 days ago. It may no longer be available — treat these numbers as a reference and confirm with the listing agent before acting.
65/100
Solid
Real 9.19% — fundamentals work.
9.19% Return before costs — above-market
Monthly cashflow
−$450/mo
You top up $450/mo
Price
$472K
No local sold comps to compare
Return · IRR
—
Not modelled
Cash to get in
$215K
Deposit + fees + refurb
Return before costson price9.19%5-yr return on cash -9%Rent est. $3,613 ($3,001–$4,350)
Bedrooms
2
2 bath
Run the numbers
Each tab prefills
What-if calculator
Edit any input — outputs recalc live
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer ($)
Monthly rent ($)
Local comp range: $3,001–$4,350/mo · n=32
Financing
DepositYour cash in — the rest is the mortgage25% · $118,000
5%100% (cash buy)
Standard 75% LTV for rental
Mortgage rate5y fixed7.0%
3.0%9.0%
5-year fixed (market average) — 7.00% (as of 2026-05).
Mortgage term (years)
Stress rate8.0%
5.0%9.0%
Fed base + 2pp stress (8.0%)
Acquisition costs
Refurb ($)
Tiered estimate (full refurb): $59,940–$112,280 range from $/sqft + per-room model
Legal + survey ($)
Standard house — $1,400 legal + $750 survey
Mortgage fees ($)
2% product fee on $354,000 loan + $1,000 booking fee
Running costs
Management10%
0%20%
Typical rental agency rate
Void weeks
Typical voids for rental
Insurance ($/mo)
Typical building+landlord cover for $400K+
Maintenance ($/mo)
Default $67/mo — type unknown
Result · Rent it out
Monthly profit
-$450
after mortgage, operating costs & tax
Rent in$3,613/mo
$3,474Collected
$3,474/mo actually reaches you — the other $139 is lost to voids: the weeks a rental sits empty between tenants, when no rent comes in.
Where it goes
$2,355Mortgage$1,708Costs
Outgoings exceed rent — you top up $450/mo
Mortgage$2,355
Costs$1,708
Management$361
Maintenance$67
Insurance$40
CapEx reserve$181
Voids + council tax$9
Ltd co. accounts$104
Tax—
Shortfall−$450
Returns
Return before costson price9.19%
Cash returnon cash-2.51%
Gross margin$1,766
Cash needed$215,202
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check0.75
Rent-covers-mortgage check FAIL (need ≥ 1.00)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
Year
Gross Rent
Op Costs
Mortgage
Equity Built
Tax
Net
Cumulative
Year 1
$43,356
$20,497
$28,262
$0
$0
-$5,403
-$5,403
Year 2
$44,657
$21,111
$28,262
$0
$0
-$4,717
-$10,119
Year 3
$45,996
$21,745
$28,262
$0
$0
-$4,011
-$14,130
Year 4
$47,376
$22,397
$28,262
$0
$0
-$3,283
-$17,413
Year 5
$48,798
$23,069
$28,262
$0
$0
-$2,534
-$19,947
What we verified
3 total
2100
Building condition1▾
Refurb costBased on beds + baths + sqftEstimate available
Investor profile2▾
Tenant profileBeds + postcode heuristicFamily let
Rent by the room feasibilityMin 3 beds for C4 routeBelow threshold
Comparables
sold within 0.5 mi
Location & transport
Loading map…
PropertySchoolsUniversitiesStations
Transport detail not loaded for this property.
Acquisition costs
$215K
25% deposit$118,000
Refurb$86,110
Legal + survey$2,150
Mortgage + broker$8,080
Cash needed$215,202
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
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Sources: Zillow · County records · GreatSchools Estimates not financial advice