3328 S Damen AveChicagoIL60608
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3328 S Damen Ave, Chicago, IL, 60608 in Chicago speaks for itself: 10.87% gross on a $423,900 price, generating $3,840/mo in rent and $900/mo in net income after the $1,906/mo debt service. DSCR 2.01, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,797 stacks alongside $117,116 in projected five-year appreciation and $3,904/yr in principal reduction. Projected total cumulative return: $220,030.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.1% |
| Monthly Cash Flow | $900 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,840 |
| Total Monthly Debt Service | $2,772 |
| DSCR Ratio | 1.39x |
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 N/A
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60608, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,532 (100%) |
| Owner Occupied HU | 9,621 (30.5%) |
| Renter Occupied HU | 18,309 (58.1%) |
| Vacant Housing Units | 3,602 (11.4%) |
| Median Home Value | $368,609 |
| Average Home Value | $410,295 |
Housing Distribution
Address Breakdown
Residential
23,218
Single Family
13,908
Multi-Family
9,310
Businesses
2,214
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 N/A
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60608, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,532 (100%) |
| Owner Occupied HU | 9,621 (30.5%) |
| Renter Occupied HU | 18,309 (58.1%) |
| Vacant Housing Units | 3,602 (11.4%) |
| Median Home Value | $368,609 |
| Average Home Value | $410,295 |
Housing Distribution
Address Breakdown
Residential
23,218
Single Family
13,908
Multi-Family
9,310
Businesses
2,214
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices