8903 Central AveOak LawnIL60453
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 8903 Central Ave, Oak Lawn, IL, 60453 in Oak Lawn speaks for itself: 11.14% gross on a $309,000 price, generating $2,869/mo in rent and $726/mo in net income after the $1,389/mo debt service. DSCR 2.07, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,711 stacks alongside $85,371 in projected five-year appreciation and $2,846/yr in principal reduction. Projected total cumulative return: $164,936.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 4.2% |
| Monthly Cash Flow | $726 | $850 |
City averages based on Oak Lawn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,869 |
| Total Monthly Debt Service | $2,020 |
| DSCR Ratio | 1.42x |
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 1947
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60453, Oak Lawn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,136 (100%) |
| Owner Occupied HU | 17,786 (76.9%) |
| Renter Occupied HU | 4,209 (18.2%) |
| Vacant Housing Units | 1,141 ( 4.9%) |
| Median Home Value | $290,812 |
| Average Home Value | $300,700 |
Housing Distribution
Address Breakdown
Residential
23,037
Single Family
15,931
Multi-Family
7,106
Businesses
1,260
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 1947
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60453, Oak Lawn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,136 (100%) |
| Owner Occupied HU | 17,786 (76.9%) |
| Renter Occupied HU | 4,209 (18.2%) |
| Vacant Housing Units | 1,141 ( 4.9%) |
| Median Home Value | $290,812 |
| Average Home Value | $300,700 |
Housing Distribution
Address Breakdown
Residential
23,037
Single Family
15,931
Multi-Family
7,106
Businesses
1,260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices