4840 Foster StSkokieIL60077
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 4840 Foster St, Skokie, IL, 60077 in Skokie speaks for itself: 21.9% gross on a $130,000 price, generating $2,372/mo in rent and $1,471/mo in net income after the $585/mo debt service. DSCR 4.05, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $17,648 stacks alongside $35,917 in projected five-year appreciation and $1,197/yr in principal reduction. Projected total cumulative return: $144,329.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.9% | 5.0% |
| Monthly Cash Flow | $1,471 | $300 |
City averages based on Skokie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,372 |
| Total Monthly Debt Service | $850 |
| DSCR Ratio | 2.79x |
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
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60077, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,412 (100%) |
| Owner Occupied HU | 6,835 (59.9%) |
| Renter Occupied HU | 3,980 (34.9%) |
| Vacant Housing Units | 597 ( 5.2%) |
| Median Home Value | $354,218 |
| Average Home Value | $389,827 |
Housing Distribution
Address Breakdown
Residential
11,210
Single Family
5,188
Multi-Family
6,022
Businesses
1,340
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
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60077, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,412 (100%) |
| Owner Occupied HU | 6,835 (59.9%) |
| Renter Occupied HU | 3,980 (34.9%) |
| Vacant Housing Units | 597 ( 5.2%) |
| Median Home Value | $354,218 |
| Average Home Value | $389,827 |
Housing Distribution
Address Breakdown
Residential
11,210
Single Family
5,188
Multi-Family
6,022
Businesses
1,340
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices