1210 Chicago Ave #202EvanstonIL60202
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 Evanston at 1210 Chicago Ave #202, Evanston, IL, 60202 generates $2,474/mo in rent and, after a $1,627/mo payment, leaves $168/mo in cash flow. Total monthly income is $2,474/mo, and annual cash flow is $2,018/yr on $110,224 invested. Return on cash invested sits at 21.74% in year one, and rental yield is 8.93% on a $332,500 entry. Equity gained on principal adds $2,146/yr, while 5% annual appreciation builds toward $91,864 over five years. Five-year ROI reaches 113.67% and total cumulative return in cash sums $125,296. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,474/mo property income rather than buyer’s personal income.
Condo
Built in 2003
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices