LOT 2469 N 37th Rd #41SheridanIL60551
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at LOT 2469 N 37th Rd #41, Sheridan, IL, 60551 in Sheridan. Priced at $160,000, it generates $2,760/mo in gross rent and $1,629/mo in net monthly cash flow, a 20.7% yield that comfortably supports the 3.84 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $19,553. Five-year appreciation: $44,205. Equity from principal paydown: $1,474/yr. Total projected cumulative return: $166,192.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.7% | 7.0% |
| Monthly Cash Flow | $1,629 | $300 |
City averages based on Sheridan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $1,067 |
| DSCR Ratio | 2.59x |
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 1971
6,969 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60551, Sheridan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,186 (77.2%) |
| Renter Occupied HU | 231 (15.0%) |
| Vacant Housing Units | 119 ( 7.7%) |
| Median Home Value | $283,659 |
| Average Home Value | $309,030 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
65
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 1971
6,969 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60551, Sheridan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,186 (77.2%) |
| Renter Occupied HU | 231 (15.0%) |
| Vacant Housing Units | 119 ( 7.7%) |
| Median Home Value | $283,659 |
| Average Home Value | $309,030 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices