984 Crabapple Dr APT 102Prospect HeightsIL60070
INVESTMENT ANALYSIS
Investment Verdict
Solid Income984 Crabapple Dr APT 102, Prospect Heights, IL, 60070 in Prospect Heights carries a 1.52 coverage ratio, rent of $1,711/mo is 1.52 times the $1,122/mo payment. Rental yield 8.23%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $249,500 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $68,932; total projected cumulative return: $94,169.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $(482) | $1,200 |
City averages based on Prospect Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,711 |
| Total Monthly Debt Service | $1,631 |
| DSCR Ratio | 1.05x |
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: 60070, Prospect Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,521 (100%) |
| Owner Occupied HU | 3,960 (60.7%) |
| Renter Occupied HU | 2,166 (33.2%) |
| Vacant Housing Units | 395 ( 6.1%) |
| Median Home Value | $328,767 |
| Average Home Value | $362,054 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
3,637
Multi-Family
2,833
Businesses
411
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: 60070, Prospect Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,521 (100%) |
| Owner Occupied HU | 3,960 (60.7%) |
| Renter Occupied HU | 2,166 (33.2%) |
| Vacant Housing Units | 395 ( 6.1%) |
| Median Home Value | $328,767 |
| Average Home Value | $362,054 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
3,637
Multi-Family
2,833
Businesses
411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Geozeph Mesiha • EHomes Realty, Ltd
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12525331