10867 W Beach RdBeach ParkIL60087
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
Rental property for sale in Beach Park at 10867 W Beach Rd, Beach Park, IL, 60087 generates $1,709/mo in rent and, after a $1,170/mo payment, leaves $51/mo in cash flow. Total monthly income is $1,709/mo, and annual cash flow is $612/yr on $79,229 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 8.58% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 108.04% and total cumulative return in cash sums $85,596. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,709/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60087, Waukegan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,191 (100%) |
| Owner Occupied HU | 6,052 (59.4%) |
| Renter Occupied HU | 3,660 (35.9%) |
| Vacant Housing Units | 479 ( 4.7%) |
| Median Home Value | $219,399 |
| Average Home Value | $251,883 |
Housing Distribution
Address Breakdown
Residential
10,117
Single Family
7,567
Multi-Family
2,550
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Newman-Lawler • RE/MAX Plaza
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12530783