2946 N Laramie Ave #9ChicagoIL60641
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2946 N Laramie Ave #9, Chicago, IL, 60641 in Chicago. Priced at $110,000, it generates $1,642/mo in gross rent and $627/mo in net monthly cash flow, a 17.91% yield that comfortably supports the 3.32 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,519. Five-year appreciation: $30,391. Equity from principal paydown: $1,013/yr. Total projected cumulative return: $83,521.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.9% | 6.1% |
| Monthly Cash Flow | $627 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,642 |
| Total Monthly Debt Service | $971 |
| DSCR Ratio | 1.69x |
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 1930
N/A lot
$N/A/sqft
$252 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60641, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,632 (100%) |
| Owner Occupied HU | 12,306 (44.5%) |
| Renter Occupied HU | 13,179 (47.7%) |
| Vacant Housing Units | 2,147 ( 7.8%) |
| Median Home Value | $381,958 |
| Average Home Value | $426,841 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
14,293
Multi-Family
8,900
Businesses
1,540
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 1930
N/A lot
$N/A/sqft
$252 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60641, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,632 (100%) |
| Owner Occupied HU | 12,306 (44.5%) |
| Renter Occupied HU | 13,179 (47.7%) |
| Vacant Housing Units | 2,147 ( 7.8%) |
| Median Home Value | $381,958 |
| Average Home Value | $426,841 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
14,293
Multi-Family
8,900
Businesses
1,540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices