2401 W Balmoral Ave APT 2AChicagoIL60625
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 2401 W Balmoral Ave APT 2A, Chicago, IL, 60625 in Chicago deserves attention. This $124,000 property earns $2,298/mo in rent, a 22.24% gross yield, and nets $1,174/mo after the $558/mo payment. DSCR 4.12 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $34,259 compounds alongside $1,142/yr in yearly equity build, for a total cumulative return of $124,094.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.2% | 6.1% |
| Monthly Cash Flow | $1,174 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,298 |
| Total Monthly Debt Service | $1,075 |
| DSCR Ratio | 2.14x |
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 1958
N/A lot
$N/A/sqft
$264 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60625, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,400 (100%) |
| Owner Occupied HU | 11,970 (35.8%) |
| Renter Occupied HU | 18,994 (56.9%) |
| Vacant Housing Units | 2,436 ( 7.3%) |
| Median Home Value | $455,779 |
| Average Home Value | $526,175 |
Housing Distribution
Address Breakdown
Residential
29,798
Single Family
9,396
Multi-Family
20,402
Businesses
1,613
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 1958
N/A lot
$N/A/sqft
$264 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60625, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,400 (100%) |
| Owner Occupied HU | 11,970 (35.8%) |
| Renter Occupied HU | 18,994 (56.9%) |
| Vacant Housing Units | 2,436 ( 7.3%) |
| Median Home Value | $455,779 |
| Average Home Value | $526,175 |
Housing Distribution
Address Breakdown
Residential
29,798
Single Family
9,396
Multi-Family
20,402
Businesses
1,613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices