11343 S Forest AveChicagoIL60628
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 11343 S Forest Ave, Chicago, IL, 60628 in Chicago hard to pass up. The 12.78% gross yield on a $144,000 purchase results in $1,533/mo in rent and $534/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.37). Annual cash flow of $6,410, five-year appreciation of $39,785, and $1,326/yr in equity build-up combine for a projected total cumulative return of $89,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 6.1% |
| Monthly Cash Flow | $534 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,533 |
| Total Monthly Debt Service | $942 |
| DSCR Ratio | 1.63x |
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.
Multi Family
Built in 1913
4,687 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
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
Multi Family
Built in 1913
4,687 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices