4857 S Lorel AveChicagoIL60638
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.43% yield at 4857 S Lorel Ave, Chicago, IL, 60638 in Chicago is solid, but the $1,169/mo payment compresses net cash flow to $23/mo at $259,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $71,806 by year five, and $2,394/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.56) without U.S. income documentation. Total projected return: $100,908.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.1% |
| Monthly Cash Flow | $23 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,826 |
| Total Monthly Debt Service | $1,699 |
| DSCR Ratio | 1.07x |
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 1958
5,053 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60638, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,982 (100%) |
| Owner Occupied HU | 15,564 (74.2%) |
| Renter Occupied HU | 4,394 (20.9%) |
| Vacant Housing Units | 1,024 ( 4.9%) |
| Median Home Value | $296,615 |
| Average Home Value | $318,480 |
Housing Distribution
Address Breakdown
Residential
19,955
Single Family
17,141
Multi-Family
2,814
Businesses
1,519
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 1958
5,053 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60638, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,982 (100%) |
| Owner Occupied HU | 15,564 (74.2%) |
| Renter Occupied HU | 4,394 (20.9%) |
| Vacant Housing Units | 1,024 ( 4.9%) |
| Median Home Value | $296,615 |
| Average Home Value | $318,480 |
Housing Distribution
Address Breakdown
Residential
19,955
Single Family
17,141
Multi-Family
2,814
Businesses
1,519
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices