704 S D StHammondIL61929
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Hammond rentals match the income profile of 704 S D St, Hammond, IL, 61929. Listed at $132,000, gross rent is $1,978/mo and net cash flow is $1,062/mo, a 17.98% yield well above national averages. DSCR 3.33 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $36,469 by year five with $1,216/yr in annual principal reduction, projecting $118,849 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18% | 7.5% |
| Monthly Cash Flow | $1,062 | $400 |
City averages based on Hammond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,978 |
| Total Monthly Debt Service | $863 |
| DSCR Ratio | 2.29x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61929, Hammond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 240 (67.6%) |
| Renter Occupied HU | 86 (24.2%) |
| Vacant Housing Units | 29 ( 8.2%) |
| Median Home Value | $152,500 |
| Average Home Value | $172,802 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
16
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61929, Hammond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 240 (67.6%) |
| Renter Occupied HU | 86 (24.2%) |
| Vacant Housing Units | 29 ( 8.2%) |
| Median Home Value | $152,500 |
| Average Home Value | $172,802 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices