1128 N Lockwood AveChicagoIL60651
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSteady, low-maintenance, and fundable: 1128 N Lockwood Ave, Chicago, IL, 60651 in Chicago at $479,900. Rental yield 8.09%. The 8.09% yield and 1.42 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $132,588 by year five, and $4,023/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $168,567.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.1% |
| Monthly Cash Flow | $(92) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,236 |
| Total Monthly Debt Service | $3,255 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1913
4,389 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60651, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,526 (100%) |
| Owner Occupied HU | 9,143 (37.3%) |
| Renter Occupied HU | 12,918 (52.7%) |
| Vacant Housing Units | 2,465 (10.1%) |
| Median Home Value | $284,034 |
| Average Home Value | $328,944 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
12,747
Multi-Family
3,661
Businesses
1,048
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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
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Nearby investment properties with comparable prices
