1116 W 111th PlChicagoIL60643
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1116 W 111th Pl, Chicago, IL, 60643 in Chicago at $165,200 earns $1,246/mo in rent and nets $100/mo after the $743/mo payment, a 9.05% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,642 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,522/yr in principal paydown, total projected return reaches $69,631.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.1% |
| Monthly Cash Flow | $100 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,246 |
| Total Monthly Debt Service | $1,080 |
| DSCR Ratio | 1.15x |
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.
Townhouse
Built in 1944
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60643, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,398 (100%) |
| Owner Occupied HU | 13,014 (67.1%) |
| Renter Occupied HU | 4,834 (24.9%) |
| Vacant Housing Units | 1,550 ( 8.0%) |
| Median Home Value | $286,827 |
| Average Home Value | $334,678 |
Housing Distribution
Address Breakdown
Residential
18,424
Single Family
15,938
Multi-Family
2,486
Businesses
1,359
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
Townhouse
Built in 1944
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60643, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,398 (100%) |
| Owner Occupied HU | 13,014 (67.1%) |
| Renter Occupied HU | 4,834 (24.9%) |
| Vacant Housing Units | 1,550 ( 8.0%) |
| Median Home Value | $286,827 |
| Average Home Value | $334,678 |
Housing Distribution
Address Breakdown
Residential
18,424
Single Family
15,938
Multi-Family
2,486
Businesses
1,359
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices