1958 W Morse Ave #BChicagoIL60626
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1958 W Morse Ave #B, Chicago, IL, 60626 in Chicago: $2,934/mo in rent, $506/mo net, 10.06% gross yield, all on a $350,000 acquisition. The 1.86 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 $96,699 in value, and $3,224/yr in principal paydown steadily builds equity. Projected total cumulative return: $166,459.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.1% |
| Monthly Cash Flow | $506 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,934 |
| Total Monthly Debt Service | $2,288 |
| DSCR Ratio | 1.28x |
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 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60626, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,128 (100%) |
| Owner Occupied HU | 6,719 (24.8%) |
| Renter Occupied HU | 18,203 (67.1%) |
| Vacant Housing Units | 2,206 ( 8.1%) |
| Median Home Value | $346,554 |
| Average Home Value | $392,279 |
Housing Distribution
Address Breakdown
Residential
24,710
Single Family
2,336
Multi-Family
22,374
Businesses
779
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 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60626, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,128 (100%) |
| Owner Occupied HU | 6,719 (24.8%) |
| Renter Occupied HU | 18,203 (67.1%) |
| Vacant Housing Units | 2,206 ( 8.1%) |
| Median Home Value | $346,554 |
| Average Home Value | $392,279 |
Housing Distribution
Address Breakdown
Residential
24,710
Single Family
2,336
Multi-Family
22,374
Businesses
779
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices