5949 School StBerkeleyIL60163
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play5949 School St, Berkeley, IL, 60163 in Berkeley is priced for appreciation, not yield. Rental yield 5.84%. At $344,999 with a 5.84% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $95,317 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.08) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $86,109.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 7.0% |
| Monthly Cash Flow | $(713) | $2,000 |
City averages based on Berkeley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,680 |
| Total Monthly Debt Service | $2,256 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1956
4,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60163, Berkeley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,944 (100%) |
| Owner Occupied HU | 1,421 (73.1%) |
| Renter Occupied HU | 428 (22.0%) |
| Vacant Housing Units | 95 ( 4.9%) |
| Median Home Value | $234,756 |
| Average Home Value | $234,710 |
Housing Distribution
Address Breakdown
Residential
1,878
Single Family
1,672
Multi-Family
206
Businesses
91
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 1956
4,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60163, Berkeley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,944 (100%) |
| Owner Occupied HU | 1,421 (73.1%) |
| Renter Occupied HU | 428 (22.0%) |
| Vacant Housing Units | 95 ( 4.9%) |
| Median Home Value | $234,756 |
| Average Home Value | $234,710 |
Housing Distribution
Address Breakdown
Residential
1,878
Single Family
1,672
Multi-Family
206
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices