707 N Wells St UNIT 504ChicagoIL60654
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 10.09% yield at 707 N Wells St UNIT 504, Chicago, IL, 60654 in Chicago is solid, but the $2,422/mo payment compresses net cash flow to $134/mo at $538,720. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $148,838 by year five, and $4,962/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.87) without U.S. income documentation. Total projected return: $217,558.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.1% |
| Monthly Cash Flow | $134 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,531 |
| Total Monthly Debt Service | $4,183 |
| DSCR Ratio | 1.08x |
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 2015
N/A lot
$N/A/sqft
$661 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
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 2015
N/A lot
$N/A/sqft
$661 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices