7943 W 97th PlHickory HillsIL60457
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.53 makes 7943 W 97th Pl, Hickory Hills, IL, 60457 in Hickory Hills one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.27%. The 8.27% yield, 5% annual appreciation ($89,764 over five years), and $2,992/yr in principal reduction project a total cumulative return of $123,309.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $(15) | $150 |
City averages based on Hickory Hills market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,239 |
| Total Monthly Debt Service | $2,124 |
| DSCR Ratio | 1.05x |
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.
Single Family
Built in 1958
10,162 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60457, Hickory Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,323 (100%) |
| Owner Occupied HU | 3,748 (70.4%) |
| Renter Occupied HU | 1,341 (25.2%) |
| Vacant Housing Units | 234 ( 4.4%) |
| Median Home Value | $306,589 |
| Average Home Value | $325,715 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
3,518
Multi-Family
1,928
Businesses
348
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
Single Family
Built in 1958
10,162 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60457, Hickory Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,323 (100%) |
| Owner Occupied HU | 3,748 (70.4%) |
| Renter Occupied HU | 1,341 (25.2%) |
| Vacant Housing Units | 234 ( 4.4%) |
| Median Home Value | $306,589 |
| Average Home Value | $325,715 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
3,518
Multi-Family
1,928
Businesses
348
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Baha Joudeh • Chicagoland Brokers, Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12517294