12298 W Paddock AveBeach ParkIL60087
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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 Beach Park at 12298 W Paddock Ave, Beach Park, IL, 60087 earns $40/mo cash flow from $1,670/mo rent with a $1,150/mo payment. Total monthly income totals $1,670/mo, and annual cash flow totals $482/yr on $77,903 capital. ROI tracks 20.53% on current figures, and rental yield reads 8.53% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 107.19% and total cumulative return in cash sums $83,500. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,670/mo property income instead of your personal income.
Single Family
Built in 1945
0.46 Acres 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
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Listed by: Flor Luis Washington • Century 21 Circle
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12538657