38 Harrison St APT 2Oak ParkIL60304
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 38 Harrison St APT 2, Oak Park, IL, 60304 in Oak Park earns a 13.63% gross yield at $190,100. Rent of $2,159/mo nets $487/mo after the $855/mo mortgage. The 2.53 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $52,521 and $1,751/yr in equity accumulation project a total cumulative return of $105,612.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 6.5% |
| Monthly Cash Flow | $487 | $1,200 |
City averages based on Oak Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,159 |
| Total Monthly Debt Service | $1,596 |
| DSCR Ratio | 1.35x |
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 1923
6,282 sqft lot
$N/A/sqft
$353 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60304, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,341 (100%) |
| Owner Occupied HU | 4,750 (64.7%) |
| Renter Occupied HU | 2,103 (28.6%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $460,565 |
| Average Home Value | $488,407 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
4,960
Multi-Family
1,914
Businesses
487
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 1923
6,282 sqft lot
$N/A/sqft
$353 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60304, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,341 (100%) |
| Owner Occupied HU | 4,750 (64.7%) |
| Renter Occupied HU | 2,103 (28.6%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $460,565 |
| Average Home Value | $488,407 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
4,960
Multi-Family
1,914
Businesses
487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices