4131 W Belmont Ave Unit 407ChicagoIL60641
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 4131 W Belmont Ave Unit 407, Chicago, IL, 60641 in Chicago achieves 1.61, rent of $2,539/mo covers the $1,573/mo payment 1.5x over at $349,900. Rental yield 8.71%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $96,671 over five years, with $3,223/yr in principal reduction bringing total projected return to $141,070.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.1% |
| Monthly Cash Flow | $(438) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,539 |
| Total Monthly Debt Service | $2,288 |
| DSCR Ratio | 1.11x |
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 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60641, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,632 (100%) |
| Owner Occupied HU | 12,306 (44.5%) |
| Renter Occupied HU | 13,179 (47.7%) |
| Vacant Housing Units | 2,147 ( 7.8%) |
| Median Home Value | $381,958 |
| Average Home Value | $426,841 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
14,293
Multi-Family
8,900
Businesses
1,540
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 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60641, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,632 (100%) |
| Owner Occupied HU | 12,306 (44.5%) |
| Renter Occupied HU | 13,179 (47.7%) |
| Vacant Housing Units | 2,147 ( 7.8%) |
| Median Home Value | $381,958 |
| Average Home Value | $426,841 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
14,293
Multi-Family
8,900
Businesses
1,540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices