437 W Division St APT 806ChicagoIL60610
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 437 W Division St APT 806, Chicago, IL, 60610 in Chicago is narrow, $174/mo net on $3,106/mo rent after the $1,484/mo debt service, but the property operates at break-even-plus, not a loss. At $330,000 with a 11.29% yield, the long-run equity case via 5% appreciation ($91,173 over five years) and $3,039/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.09 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $178,815.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.1% |
| Monthly Cash Flow | $174 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,106 |
| Total Monthly Debt Service | $2,158 |
| DSCR Ratio | 1.44x |
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 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60610, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,859 (100%) |
| Owner Occupied HU | 9,258 (28.2%) |
| Renter Occupied HU | 19,303 (58.7%) |
| Vacant Housing Units | 4,298 (13.1%) |
| Median Home Value | $546,047 |
| Average Home Value | $676,055 |
Housing Distribution
Address Breakdown
Residential
30,994
Single Family
2,310
Multi-Family
28,684
Businesses
1,175
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 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60610, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,859 (100%) |
| Owner Occupied HU | 9,258 (28.2%) |
| Renter Occupied HU | 19,303 (58.7%) |
| Vacant Housing Units | 4,298 (13.1%) |
| Median Home Value | $546,047 |
| Average Home Value | $676,055 |
Housing Distribution
Address Breakdown
Residential
30,994
Single Family
2,310
Multi-Family
28,684
Businesses
1,175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices