1000 Massena AveWaukeganIL60085
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
Investment Highlights
Investment property for sale in Waukegan at 1000 Massena Ave, Waukegan, IL, 60085 listed at $248,900 pairs $2,722/mo rent with a $1,218/mo payment to leave $996/mo cash flow. Total monthly income runs $2,722/mo, and annual cash flow reaches $11,950/yr on $82,510 cash to close. Return on cash invested measures 34.39% in year one, and rental yield registers 13.12% at a $248,900 basis. Equity gained on principal adds $1,606/yr, and annual property appreciation at 5% supports $68,766 by year five. Five-year ROI tracks 181.49% and total cumulative return in cash totals $149,749. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,722/mo property income relative to a $1,218/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
5,061 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60085, Waukegan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,314 (100%) |
| Owner Occupied HU | 11,009 (43.5%) |
| Renter Occupied HU | 12,949 (51.2%) |
| Vacant Housing Units | 1,356 ( 5.4%) |
| Median Home Value | $178,326 |
| Average Home Value | $229,648 |
Housing Distribution
Address Breakdown
Residential
23,168
Single Family
15,856
Multi-Family
7,312
Businesses
1,796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices