2711 W 98th PlEvergreen ParkIL60805
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 2711 W 98th Pl, Evergreen Park, IL, 60805 in Evergreen Park is the 1.53 coverage ratio: rent of $2,162/mo versus a $1,416/mo debt payment on a $314,900 property. Rental yield 8.24%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $87,001 by year five, with $2,900/yr in equity from paydown. Total projected cumulative return: $119,053.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $(22) | $350 |
City averages based on Evergreen Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,162 |
| Total Monthly Debt Service | $2,059 |
| DSCR Ratio | 1.05x |
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.
Single Family
Built in 1946
4,586 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60805, Evergreen Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,540 (100%) |
| Owner Occupied HU | 5,994 (79.5%) |
| Renter Occupied HU | 1,170 (15.5%) |
| Vacant Housing Units | 376 ( 5.0%) |
| Median Home Value | $271,014 |
| Average Home Value | $300,057 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,551
Multi-Family
800
Businesses
525
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
Single Family
Built in 1946
4,586 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60805, Evergreen Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,540 (100%) |
| Owner Occupied HU | 5,994 (79.5%) |
| Renter Occupied HU | 1,170 (15.5%) |
| Vacant Housing Units | 376 ( 5.0%) |
| Median Home Value | $271,014 |
| Average Home Value | $300,057 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,551
Multi-Family
800
Businesses
525
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lenny Feil • Harthside Realtors, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12463483