7 E Carriageway Dr APT 311Hazel CrestIL60429
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 7 E Carriageway Dr APT 311, Hazel Crest, IL, 60429 in Hazel Crest is the 1.75 coverage ratio: rent of $786/mo versus a $450/mo debt payment on a $100,000 property. Rental yield 9.43%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $27,628 by year five, with $921/yr in equity from paydown. Total projected cumulative return: $44,177.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $(371) | $300 |
City averages based on Hazel Crest market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $786 |
| Total Monthly Debt Service | $654 |
| DSCR Ratio | 1.20x |
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.
Condo
Built in 1977
N/A 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
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12547118