6N230 Harvey RdMedinahIL60157
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 6N230 Harvey Rd, Medinah, IL, 60157 in Medinah clears it at 1.52, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.2%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $110,485; $3,683/yr in principal equity; total projected return: $150,349.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $(41) | $300 |
City averages based on Medinah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,733 |
| Total Monthly Debt Service | $2,615 |
| DSCR Ratio | 1.05x |
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 1967
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60157, Medinah, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,279 (100%) |
| Owner Occupied HU | 710 (55.5%) |
| Renter Occupied HU | 494 (38.6%) |
| Vacant Housing Units | 75 ( 5.9%) |
| Median Home Value | $488,696 |
| Average Home Value | $514,898 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
94
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 1967
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60157, Medinah, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,279 (100%) |
| Owner Occupied HU | 710 (55.5%) |
| Renter Occupied HU | 494 (38.6%) |
| Vacant Housing Units | 75 ( 5.9%) |
| Median Home Value | $488,696 |
| Average Home Value | $514,898 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
94
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices