309 W 109th PlChicagoIL60628
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 309 W 109th Pl, Chicago, IL, 60628 in Chicago deserves attention. This $181,500 property earns $2,226/mo in rent, a 14.72% gross yield, and nets $967/mo after the $816/mo payment. DSCR 2.73 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $50,145 compounds alongside $1,672/yr in yearly equity build, for a total cumulative return of $131,684.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.7% | 6.1% |
| Monthly Cash Flow | $967 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,226 |
| Total Monthly Debt Service | $1,187 |
| DSCR Ratio | 1.88x |
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices