7414 W Irving Park Rd Unit 202NorridgeIL60706
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 7414 W Irving Park Rd Unit 202, Norridge, IL, 60706 in Norridge is narrow, $131/mo net on $2,880/mo rent after the $1,588/mo debt service, but the property operates at break-even-plus, not a loss. At $335,000 with a 10.32% yield, the long-run equity case via 5% appreciation ($92,554 over five years) and $2,808/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.81 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $157,675.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $131 | $200 |
City averages based on Norridge 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 | $2,880 |
| Total Monthly Debt Service | $2,272 |
| DSCR Ratio | 1.27x |
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 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60706, Harwood Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,776 (100%) |
| Owner Occupied HU | 6,886 (70.4%) |
| Renter Occupied HU | 2,426 (24.8%) |
| Vacant Housing Units | 464 ( 4.7%) |
| Median Home Value | $360,180 |
| Average Home Value | $400,649 |
Housing Distribution
Address Breakdown
Residential
9,585
Single Family
7,225
Multi-Family
2,360
Businesses
618
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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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