7600 W 61st StSummitIL60501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 7600 W 61st St, Summit, IL, 60501 in Summit speaks for itself: 16.12% gross on a $170,000 price, generating $2,283/mo in rent and $1,104/mo in net income after the $764/mo debt service. DSCR 2.99, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $13,246 stacks alongside $46,968 in projected five-year appreciation and $1,566/yr in principal reduction. Projected total cumulative return: $136,080.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.1% | 8.0% |
| Monthly Cash Flow | $1,104 | $1,200 |
City averages based on Summit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,283 |
| Total Monthly Debt Service | $1,112 |
| DSCR Ratio | 2.05x |
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.
Multi Family
Built in 1908
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60501, Summit Argo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,960 (100%) |
| Owner Occupied HU | 1,897 (47.9%) |
| Renter Occupied HU | 1,698 (42.9%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $246,220 |
| Average Home Value | $290,398 |
Housing Distribution
Address Breakdown
Residential
3,273
Single Family
2,759
Multi-Family
514
Businesses
323
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
Multi Family
Built in 1908
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60501, Summit Argo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,960 (100%) |
| Owner Occupied HU | 1,897 (47.9%) |
| Renter Occupied HU | 1,698 (42.9%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $246,220 |
| Average Home Value | $290,398 |
Housing Distribution
Address Breakdown
Residential
3,273
Single Family
2,759
Multi-Family
514
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices