55 E Craig DrChicago HeightsIL60411
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 55 E Craig Dr, Chicago Heights, IL, 60411 in Chicago Heights at $193,000 earns $1,488/mo in rent and nets $149/mo after the $868/mo payment, a 9.25% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $53,322 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $1,778/yr in principal paydown, total projected return reaches $83,416.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $149 | $300 |
City averages based on Chicago Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,488 |
| Total Monthly Debt Service | $1,262 |
| DSCR Ratio | 1.18x |
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 1959
6,000 sqft lot
$N/A/sqft
No HOA
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 1959
6,000 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Scanlon • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12553330