964 E 62nd St APT 3CChicagoIL60637
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 964 E 62nd St APT 3C, Chicago, IL, 60637 in Chicago hard to pass up. The 12.63% gross yield on a $175,700 purchase results in $1,849/mo in rent and $631/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.34). Annual cash flow of $7,566, five-year appreciation of $48,543, and $1,618/yr in equity build-up combine for a projected total cumulative return of $107,807.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 6.1% |
| Monthly Cash Flow | $631 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,849 |
| Total Monthly Debt Service | $1,149 |
| DSCR Ratio | 1.61x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices