510 E Elm StChatsworthIL60921
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 510 E Elm St, Chatsworth, IL, 60921 in Chatsworth worth modelling. At $165,000 with a 9.49% gross yield, the $1,304/mo rent leaves $160/mo after the $742/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.76 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $45,586 by year five; $1,520/yr in principal reduction adds further equity. Total projected return: $73,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $160 | $800 |
City averages based on Chatsworth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,304 |
| Total Monthly Debt Service | $1,079 |
| DSCR Ratio | 1.21x |
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 1905
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60921, Chatsworth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 746 (100%) |
| Owner Occupied HU | 456 (61.1%) |
| Renter Occupied HU | 182 (24.4%) |
| Vacant Housing Units | 108 (14.5%) |
| Median Home Value | $112,291 |
| Average Home Value | $129,211 |
Housing Distribution
Address Breakdown
Residential
387
Single Family
387
Multi-Family
0
Businesses
44
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 1905
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60921, Chatsworth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 746 (100%) |
| Owner Occupied HU | 456 (61.1%) |
| Renter Occupied HU | 182 (24.4%) |
| Vacant Housing Units | 108 (14.5%) |
| Median Home Value | $112,291 |
| Average Home Value | $129,211 |
Housing Distribution
Address Breakdown
Residential
387
Single Family
387
Multi-Family
0
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Star Grieff • Star Grieff Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12493554