7229 W Higgins Ave Unit 105ChicagoIL60656
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow7229 W Higgins Ave Unit 105, Chicago, IL, 60656 in Chicago is a solid income-producing rental, 11.03% gross yield, $2,473/mo rent, $240/mo net cash flow on a $269,000 buy. DSCR 1.94 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $74,320 and $2,255/yr in principal reduction project a total cumulative return of $136,914.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.1% |
| Monthly Cash Flow | $240 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,473 |
| Total Monthly Debt Service | $1,824 |
| DSCR Ratio | 1.36x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
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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
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