1038 Indiana AveWaukeganIL60085
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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 1038 Indiana Ave, Waukegan, IL, 60085 earns $7/mo cash flow from $1,519/mo rent with a $1,067/mo payment. Total monthly income totals $1,519/mo, and annual cash flow totals $83/yr on $72,267 capital. ROI tracks 20.02% on current figures, and rental yield reads 8.36% at a $218,000 purchase. Equity gained on principal adds $1,407/yr, and 5% annual appreciation supports $60,229 over five years. Five-year ROI reaches 104.42% and total cumulative return in cash sums $75,463. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,519/mo property income instead of your personal income.
Single Family
Built in 1910
6,240 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
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