819 Lake St APT 3WOak ParkIL60301
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowAt $237,000, 819 Lake St APT 3W, Oak Park, IL, 60301 in Oak Park generates $2,233/mo in rent (11.31% yield) but nets only $172/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (2.09) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $65,479. Total projected return: $128,573.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.5% |
| Monthly Cash Flow | $172 | $1,200 |
City averages based on Oak Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,233 |
| Total Monthly Debt Service | $1,550 |
| DSCR Ratio | 1.44x |
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 1914
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60301, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,945 (100%) |
| Owner Occupied HU | 612 (20.8%) |
| Renter Occupied HU | 1,905 (64.7%) |
| Vacant Housing Units | 428 (14.5%) |
| Median Home Value | $255,233 |
| Average Home Value | $323,554 |
Housing Distribution
Address Breakdown
Residential
2,196
Single Family
214
Multi-Family
1,982
Businesses
575
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 1914
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60301, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,945 (100%) |
| Owner Occupied HU | 612 (20.8%) |
| Renter Occupied HU | 1,905 (64.7%) |
| Vacant Housing Units | 428 (14.5%) |
| Median Home Value | $255,233 |
| Average Home Value | $323,554 |
Housing Distribution
Address Breakdown
Residential
2,196
Single Family
214
Multi-Family
1,982
Businesses
575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
