130 N Garland Ct APT 3302ChicagoIL60602
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play130 N Garland Ct APT 3302, Chicago, IL, 60602 in Chicago is priced for appreciation, not yield. Rental yield 5.66%. At $725,000 with a 5.66% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $200,304 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.05) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $173,883.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.1% |
| Monthly Cash Flow | $(2,783) | $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 | $3,422 |
| Total Monthly Debt Service | $4,740 |
| DSCR Ratio | 0.72x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60602, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 398 (25.1%) |
| Renter Occupied HU | 786 (49.5%) |
| Vacant Housing Units | 403 (25.4%) |
| Median Home Value | $1,289,855 |
| Average Home Value | $1,320,917 |
Housing Distribution
Address Breakdown
Residential
820
Single Family
1
Multi-Family
819
Businesses
1,880
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
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60602, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 398 (25.1%) |
| Renter Occupied HU | 786 (49.5%) |
| Vacant Housing Units | 403 (25.4%) |
| Median Home Value | $1,289,855 |
| Average Home Value | $1,320,917 |
Housing Distribution
Address Breakdown
Residential
820
Single Family
1
Multi-Family
819
Businesses
1,880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices