300 N State St APT 2910ChicagoIL60654
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 300 N State St APT 2910, Chicago, IL, 60654 in Chicago achieves 1.93, rent of $2,898/mo covers the $1,504/mo payment 1.5x over at $334,500. Rental yield 10.4%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $92,416 over five years, with $3,081/yr in principal reduction bringing total projected return to $165,161.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.1% |
| Monthly Cash Flow | $(195) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,898 |
| Total Monthly Debt Service | $2,187 |
| DSCR Ratio | 1.33x |
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 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
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 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices