312 Carrie LnChathamIL62629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 312 Carrie Ln, Chatham, IL, 62629 in Chatham. Priced at $249,900, it generates $2,599/mo in gross rent and $866/mo in net monthly cash flow, a 12.48% yield that comfortably supports the 2.31 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,390. Five-year appreciation: $69,043. Equity from principal paydown: $2,302/yr. Total projected cumulative return: $151,265.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 6.2% |
| Monthly Cash Flow | $866 | $1,200 |
City averages based on Chatham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,599 |
| Total Monthly Debt Service | $1,634 |
| DSCR Ratio | 1.59x |
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 1964
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62629, Chatham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 4,641 (73.6%) |
| Renter Occupied HU | 1,202 (19.1%) |
| Vacant Housing Units | 462 ( 7.3%) |
| Median Home Value | $260,971 |
| Average Home Value | $279,718 |
Housing Distribution
Address Breakdown
Residential
6,294
Single Family
6,080
Multi-Family
214
Businesses
271
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 1964
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62629, Chatham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 4,641 (73.6%) |
| Renter Occupied HU | 1,202 (19.1%) |
| Vacant Housing Units | 462 ( 7.3%) |
| Median Home Value | $260,971 |
| Average Home Value | $279,718 |
Housing Distribution
Address Breakdown
Residential
6,294
Single Family
6,080
Multi-Family
214
Businesses
271
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Jeffrey • Craggs REALTORS, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034458
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.