Charlotte Plan, Oak ValleyLockportIL60441
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at Charlotte Plan, Oak Valley, Lockport, IL, 60441 in Lockport speaks for itself: 11.45% gross on a $401,990 price, generating $3,835/mo in rent and $1,047/mo in net income after the $1,808/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,563 stacks alongside $111,062 in projected five-year appreciation and $3,702/yr in principal reduction. Projected total cumulative return: $221,103.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.2% |
| Monthly Cash Flow | $1,047 | $300 |
City averages based on Lockport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,835 |
| Total Monthly Debt Service | $2,628 |
| DSCR Ratio | 1.46x |
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.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60441, Lockport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,170 (100%) |
| Owner Occupied HU | 11,273 (79.6%) |
| Renter Occupied HU | 2,280 (16.1%) |
| Vacant Housing Units | 617 ( 4.4%) |
| Median Home Value | $347,322 |
| Average Home Value | $382,093 |
Housing Distribution
Address Breakdown
Residential
13,319
Single Family
12,772
Multi-Family
547
Businesses
790
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
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60441, Lockport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,170 (100%) |
| Owner Occupied HU | 11,273 (79.6%) |
| Renter Occupied HU | 2,280 (16.1%) |
| Vacant Housing Units | 617 ( 4.4%) |
| Median Home Value | $347,322 |
| Average Home Value | $382,093 |
Housing Distribution
Address Breakdown
Residential
13,319
Single Family
12,772
Multi-Family
547
Businesses
790
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
