9074 W Terrace Dr APT 4JNilesIL60714
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 9074 W Terrace Dr APT 4J, Niles, IL, 60714 in Niles is the 1.73 coverage ratio: rent of $1,055/mo versus a $611/mo debt payment on a $135,900 property. Rental yield 9.32%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $37,547 by year five, with $1,252/yr in equity from paydown. Total projected cumulative return: $59,242.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $(186) | $300 |
City averages based on Niles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,055 |
| Total Monthly Debt Service | $889 |
| DSCR Ratio | 1.19x |
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60714, Niles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,300 (100%) |
| Owner Occupied HU | 9,267 (69.7%) |
| Renter Occupied HU | 3,267 (24.6%) |
| Vacant Housing Units | 766 ( 5.8%) |
| Median Home Value | $355,617 |
| Average Home Value | $390,652 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
8,229
Multi-Family
3,909
Businesses
1,257
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 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60714, Niles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,300 (100%) |
| Owner Occupied HU | 9,267 (69.7%) |
| Renter Occupied HU | 3,267 (24.6%) |
| Vacant Housing Units | 766 ( 5.8%) |
| Median Home Value | $355,617 |
| Average Home Value | $390,652 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
8,229
Multi-Family
3,909
Businesses
1,257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices