11157 S Spaulding AveChicagoIL60655
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 11157 S Spaulding Ave, Chicago, IL, 60655 in Chicago: $3,497/mo in rent, $1,008/mo net, 11.69% gross yield, all on a $358,800 acquisition. The 2.17 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $99,130 in value, and $3,305/yr in principal paydown steadily builds equity. Projected total cumulative return: $202,145.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.1% |
| Monthly Cash Flow | $1,008 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,497 |
| Total Monthly Debt Service | $2,346 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60655, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,531 (100%) |
| Owner Occupied HU | 8,757 (83.2%) |
| Renter Occupied HU | 1,155 (11.0%) |
| Vacant Housing Units | 619 ( 5.9%) |
| Median Home Value | $334,131 |
| Average Home Value | $360,975 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
9,596
Multi-Family
1,171
Businesses
381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1963
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60655, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,531 (100%) |
| Owner Occupied HU | 8,757 (83.2%) |
| Renter Occupied HU | 1,155 (11.0%) |
| Vacant Housing Units | 619 ( 5.9%) |
| Median Home Value | $334,131 |
| Average Home Value | $360,975 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
9,596
Multi-Family
1,171
Businesses
381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices