7854 S South Shore Dr APT 405ChicagoIL60649
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 7854 S South Shore Dr APT 405, Chicago, IL, 60649 in Chicago hard to pass up. The 13.09% gross yield on a $139,500 purchase results in $1,522/mo in rent and $554/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.43). Annual cash flow of $6,653, five-year appreciation of $38,541, and $1,285/yr in equity build-up combine for a projected total cumulative return of $89,080.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 6.1% |
| Monthly Cash Flow | $554 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,522 |
| Total Monthly Debt Service | $912 |
| DSCR Ratio | 1.67x |
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 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60649, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,407 (100%) |
| Owner Occupied HU | 5,123 (18.7%) |
| Renter Occupied HU | 18,185 (66.4%) |
| Vacant Housing Units | 4,099 (15.0%) |
| Median Home Value | $262,345 |
| Average Home Value | $303,662 |
Housing Distribution
Address Breakdown
Residential
23,819
Single Family
4,497
Multi-Family
19,322
Businesses
773
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 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60649, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,407 (100%) |
| Owner Occupied HU | 5,123 (18.7%) |
| Renter Occupied HU | 18,185 (66.4%) |
| Vacant Housing Units | 4,099 (15.0%) |
| Median Home Value | $262,345 |
| Average Home Value | $303,662 |
Housing Distribution
Address Breakdown
Residential
23,819
Single Family
4,497
Multi-Family
19,322
Businesses
773
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices