7004 W School StChicagoIL60634
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Chicago rental at 7004 W School St, Chicago, IL, 60634 sits in the solid-income band: 9.22% gross yield, $3,373/mo rent, $329/mo net after the $1,974/mo debt service, DSCR 1.71. Entry price of $438,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $121,260 and $4,042/yr in principal reduction bring total cumulative return to $188,979.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.1% |
| Monthly Cash Flow | $329 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,373 |
| Total Monthly Debt Service | $2,870 |
| DSCR Ratio | 1.18x |
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 1966
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60634, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,801 (100%) |
| Owner Occupied HU | 18,998 (68.3%) |
| Renter Occupied HU | 7,274 (26.2%) |
| Vacant Housing Units | 1,529 ( 5.5%) |
| Median Home Value | $343,536 |
| Average Home Value | $362,108 |
Housing Distribution
Address Breakdown
Residential
25,204
Single Family
19,890
Multi-Family
5,314
Businesses
1,372
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 1966
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60634, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,801 (100%) |
| Owner Occupied HU | 18,998 (68.3%) |
| Renter Occupied HU | 7,274 (26.2%) |
| Vacant Housing Units | 1,529 ( 5.5%) |
| Median Home Value | $343,536 |
| Average Home Value | $362,108 |
Housing Distribution
Address Breakdown
Residential
25,204
Single Family
19,890
Multi-Family
5,314
Businesses
1,372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices