1223 Greenfield 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 1223 Greenfield Ave, Waukegan, IL, 60085 earns $680/mo cash flow from $2,552/mo rent with a $1,321/mo payment. Total monthly income totals $2,552/mo, and annual cash flow totals $8,159/yr on $89,472 capital. ROI tracks 29.03% on current figures, and rental yield reads 11.35% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 152.7% and total cumulative return in cash sums $136,626. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,552/mo property income instead of your personal income.
Single Family
Built in 2012
0.32 Acres 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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