1954 N Damen Ave #2ChicagoIL60647
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1954 N Damen Ave #2, Chicago, IL, 60647 in Chicago carries a 1.59 coverage ratio, rent of $4,123/mo is 1.59 times the $2,586/mo payment. Rental yield 8.6%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $575,100 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $158,890; total projected cumulative return: $219,856.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.1% |
| Monthly Cash Flow | $(11) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,123 |
| Total Monthly Debt Service | $3,905 |
| DSCR Ratio | 1.06x |
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 2005
2,429 sqft lot
$N/A/sqft
$145 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60647, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,715 (100%) |
| Owner Occupied HU | 14,112 (34.7%) |
| Renter Occupied HU | 23,027 (56.6%) |
| Vacant Housing Units | 3,576 ( 8.8%) |
| Median Home Value | $545,438 |
| Average Home Value | $636,453 |
Housing Distribution
Address Breakdown
Residential
35,146
Single Family
17,125
Multi-Family
18,021
Businesses
2,271
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
2,429 sqft lot
$N/A/sqft
$145 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60647, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,715 (100%) |
| Owner Occupied HU | 14,112 (34.7%) |
| Renter Occupied HU | 23,027 (56.6%) |
| Vacant Housing Units | 3,576 ( 8.8%) |
| Median Home Value | $545,438 |
| Average Home Value | $636,453 |
Housing Distribution
Address Breakdown
Residential
35,146
Single Family
17,125
Multi-Family
18,021
Businesses
2,271
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices