3172 W Meadow Lane Dr APT 26Merrionette ParkIL60803
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 3172 W Meadow Lane Dr APT 26, Merrionette Park, IL, 60803 in Merrionette Park clears it at 1.75, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.42%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $44,758; $1,492/yr in principal equity; total projected return: $71,581.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.5% |
| Monthly Cash Flow | $(275) | $1,500 |
City averages based on Merrionette Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,272 |
| Total Monthly Debt Service | $1,059 |
| DSCR Ratio | 1.20x |
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60803, Alsip, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,906 (100%) |
| Owner Occupied HU | 6,118 (61.8%) |
| Renter Occupied HU | 3,266 (33.0%) |
| Vacant Housing Units | 522 ( 5.3%) |
| Median Home Value | $229,111 |
| Average Home Value | $231,639 |
Housing Distribution
Address Breakdown
Residential
9,201
Single Family
5,739
Multi-Family
3,462
Businesses
810
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60803, Alsip, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,906 (100%) |
| Owner Occupied HU | 6,118 (61.8%) |
| Renter Occupied HU | 3,266 (33.0%) |
| Vacant Housing Units | 522 ( 5.3%) |
| Median Home Value | $229,111 |
| Average Home Value | $231,639 |
Housing Distribution
Address Breakdown
Residential
9,201
Single Family
5,739
Multi-Family
3,462
Businesses
810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12590251