LOT 37 W Caspian CirLockportIL60441
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. Rental yield 6.81%. LOT 37 W Caspian Cir, Lockport, IL, 60441 in Lockport achieves a 1.98 ratio at $393,900: $3,508/mo rent versus $1,771/mo debt service. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 6.81% yield compounds alongside 5% annual appreciation projecting $108,827 in value. Total projected cumulative return: $200,590.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 6.2% |
| Monthly Cash Flow | $(717) | $300 |
City averages based on Lockport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,508 |
| Total Monthly Debt Service | $2,575 |
| DSCR Ratio | 1.36x |
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 2025
6,875 sqft 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
Single Family
Built in 2025
6,875 sqft 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