4818 W 122nd St APT 3WAlsipIL60803
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 4818 W 122nd St APT 3W, Alsip, IL, 60803 in Alsip at $179,399 earns $1,402/mo in rent and nets $158/mo after the $807/mo payment, a 9.38% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $49,565 over five years. Ziffy Mortgage underwrites this on a 1.74 DSCR without U.S. credit history. With $1,652/yr in principal paydown, total projected return reaches $78,746.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $158 | $500 |
City averages based on Alsip market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,402 |
| Total Monthly Debt Service | $1,173 |
| 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 1982
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 1982
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