1213 N Irving AveBerkeleyIL60163
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1213 N Irving Ave, Berkeley, IL, 60163 in Berkeley: $3,991/mo in rent, $1,247/mo net, 12.51% gross yield, all on a $382,900 acquisition. The 2.32 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 $105,788 in value, and $3,527/yr in principal paydown steadily builds equity. Projected total cumulative return: $227,098.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 7.0% |
| Monthly Cash Flow | $1,247 | $2,000 |
City averages based on Berkeley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,991 |
| Total Monthly Debt Service | $2,592 |
| DSCR Ratio | 1.54x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60163, Berkeley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,944 (100%) |
| Owner Occupied HU | 1,421 (73.1%) |
| Renter Occupied HU | 428 (22.0%) |
| Vacant Housing Units | 95 ( 4.9%) |
| Median Home Value | $234,756 |
| Average Home Value | $234,710 |
Housing Distribution
Address Breakdown
Residential
1,878
Single Family
1,672
Multi-Family
206
Businesses
91
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60163, Berkeley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,944 (100%) |
| Owner Occupied HU | 1,421 (73.1%) |
| Renter Occupied HU | 428 (22.0%) |
| Vacant Housing Units | 95 ( 4.9%) |
| Median Home Value | $234,756 |
| Average Home Value | $234,710 |
Housing Distribution
Address Breakdown
Residential
1,878
Single Family
1,672
Multi-Family
206
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices