1106 Seward St APT 1WEvanstonIL60202
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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 Evanston at 1106 Seward St APT 1W, Evanston, IL, 60202 uses $130,943 cash to close to unlock $10,902/yr annual cash flow and $909/mo monthly cash flow. Total monthly income runs $3,648/mo, and a $1,933/mo payment keeps the spread at $909/mo. Purchase price stands at $395,000, and rental yield measures 11.08% with $3,648/mo rent. Return on cash invested shows 28.24% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 148.49% and total cumulative return in cash records $194,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,648/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60202, Evanston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,152 (100%) |
| Owner Occupied HU | 7,762 (51.2%) |
| Renter Occupied HU | 6,343 (41.9%) |
| Vacant Housing Units | 1,047 ( 6.9%) |
| Median Home Value | $425,814 |
| Average Home Value | $522,888 |
Housing Distribution
Address Breakdown
Residential
14,492
Single Family
5,968
Multi-Family
8,524
Businesses
692
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