6541 N Drake AveLincolnwoodIL60712
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 6541 N Drake Ave, Lincolnwood, IL, 60712 in Lincolnwood earns a 9.66% gross yield at $524,900. Rent of $4,228/mo nets $587/mo after the $2,360/mo mortgage. The 1.79 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $145,020 and $4,834/yr in equity accumulation project a total cumulative return of $238,579.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.5% |
| Monthly Cash Flow | $587 | $2,500 |
City averages based on Lincolnwood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,228 |
| Total Monthly Debt Service | $3,432 |
| DSCR Ratio | 1.23x |
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 1951
4,961 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60712, Lincolnwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,891 (77.7%) |
| Renter Occupied HU | 761 (15.2%) |
| Vacant Housing Units | 356 ( 7.1%) |
| Median Home Value | $470,486 |
| Average Home Value | $542,312 |
Housing Distribution
Address Breakdown
Residential
5,205
Single Family
3,928
Multi-Family
1,277
Businesses
641
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 1951
4,961 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60712, Lincolnwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,891 (77.7%) |
| Renter Occupied HU | 761 (15.2%) |
| Vacant Housing Units | 356 ( 7.1%) |
| Median Home Value | $470,486 |
| Average Home Value | $542,312 |
Housing Distribution
Address Breakdown
Residential
5,205
Single Family
3,928
Multi-Family
1,277
Businesses
641
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices