195 N Harbor Dr APT 5503ChicagoIL60601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 195 N Harbor Dr APT 5503, Chicago, IL, 60601 in Chicago achieves a 2.32 ratio at $655,200: $6,841/mo rent versus $2,946/mo debt service. Rental yield 10.27%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.27% yield compounds alongside 5% annual appreciation projecting $181,020 in value. Total projected cumulative return: $398,379.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.1% |
| Monthly Cash Flow | $(1,553) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,841 |
| Total Monthly Debt Service | $4,284 |
| DSCR Ratio | 1.60x |
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.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60601, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,493 (100%) |
| Owner Occupied HU | 3,495 (28.0%) |
| Renter Occupied HU | 7,417 (59.4%) |
| Vacant Housing Units | 1,581 (12.7%) |
| Median Home Value | $592,502 |
| Average Home Value | $711,371 |
Housing Distribution
Address Breakdown
Residential
12,957
Single Family
49
Multi-Family
12,908
Businesses
1,752
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 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60601, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,493 (100%) |
| Owner Occupied HU | 3,495 (28.0%) |
| Renter Occupied HU | 7,417 (59.4%) |
| Vacant Housing Units | 1,581 (12.7%) |
| Median Home Value | $592,502 |
| Average Home Value | $711,371 |
Housing Distribution
Address Breakdown
Residential
12,957
Single Family
49
Multi-Family
12,908
Businesses
1,752
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices