5851 S Wabash AveChicagoIL60637
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5851 S Wabash Ave, Chicago, IL, 60637 in Chicago speaks for itself: 13.55% gross on a $285,900 price, generating $3,228/mo in rent and $1,245/mo in net income after the $1,355/mo debt service. DSCR 2.38, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,939 stacks alongside $78,989 in projected five-year appreciation and $2,397/yr in principal reduction. Projected total cumulative return: $184,129.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 6.1% |
| Monthly Cash Flow | $1,245 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,228 |
| Total Monthly Debt Service | $1,939 |
| DSCR Ratio | 1.66x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1890
4,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
