18356 Myrtle Ct APT 2LansingIL60438
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 18356 Myrtle Ct APT 2, Lansing, IL, 60438 in Lansing. Priced at $120,000, it generates $1,972/mo in gross rent and $831/mo in net monthly cash flow, a 19.72% yield that comfortably supports the 3.65 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,975. Five-year appreciation: $33,154. Equity from principal paydown: $1,105/yr. Total projected cumulative return: $100,713.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.7% | 7.2% |
| Monthly Cash Flow | $831 | $1,200 |
City averages based on Lansing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,972 |
| Total Monthly Debt Service | $1,093 |
| DSCR Ratio | 1.80x |
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 1974
N/A lot
$N/A/sqft
$308 monthly HOA
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 1974
N/A lot
$N/A/sqft
$308 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices