2622 Central Dr APT 2NFlossmoorIL60422
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2622 Central Dr APT 2N, Flossmoor, IL, 60422 in Flossmoor carries a 1.73 coverage ratio, rent of $983/mo is 1.73 times the $567/mo payment. Rental yield 9.36%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $126,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $34,811; total projected cumulative return: $55,187.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $(379) | $300 |
City averages based on Flossmoor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $983 |
| Total Monthly Debt Service | $824 |
| DSCR Ratio | 1.19x |
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 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60422, Flossmoor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,782 (100%) |
| Owner Occupied HU | 3,240 (85.7%) |
| Renter Occupied HU | 344 ( 9.1%) |
| Vacant Housing Units | 198 ( 5.2%) |
| Median Home Value | $344,456 |
| Average Home Value | $372,738 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,420
Multi-Family
264
Businesses
444
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 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60422, Flossmoor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,782 (100%) |
| Owner Occupied HU | 3,240 (85.7%) |
| Renter Occupied HU | 344 ( 9.1%) |
| Vacant Housing Units | 198 ( 5.2%) |
| Median Home Value | $344,456 |
| Average Home Value | $372,738 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,420
Multi-Family
264
Businesses
444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices