830 Elder Rd #B303HomewoodIL60430
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 830 Elder Rd #B303, Homewood, IL, 60430 in Homewood clears it at 1.77, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.55%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $35,226; $1,174/yr in principal equity; total projected return: $57,204.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.0% |
| Monthly Cash Flow | $(226) | $200 |
City averages based on Homewood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,015 |
| Total Monthly Debt Service | $834 |
| DSCR Ratio | 1.22x |
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 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60430, Homewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,261 (100%) |
| Owner Occupied HU | 6,344 (76.8%) |
| Renter Occupied HU | 1,497 (18.1%) |
| Vacant Housing Units | 420 ( 5.1%) |
| Median Home Value | $235,144 |
| Average Home Value | $259,234 |
Housing Distribution
Address Breakdown
Residential
8,130
Single Family
6,573
Multi-Family
1,557
Businesses
927
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 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60430, Homewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,261 (100%) |
| Owner Occupied HU | 6,344 (76.8%) |
| Renter Occupied HU | 1,497 (18.1%) |
| Vacant Housing Units | 420 ( 5.1%) |
| Median Home Value | $235,144 |
| Average Home Value | $259,234 |
Housing Distribution
Address Breakdown
Residential
8,130
Single Family
6,573
Multi-Family
1,557
Businesses
927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices