1516 Hinman Ave APT 504EvanstonIL60201
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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 1516 Hinman Ave APT 504, Evanston, IL, 60201 listed at $149,000 pairs $1,147/mo rent with a $729/mo payment to leave $114/mo cash flow. Total monthly income runs $1,147/mo, and annual cash flow reaches $1,365/yr on $49,394 cash to close. Return on cash invested measures 22.67% in year one, and rental yield registers 9.24% at a $149,000 basis. Equity gained on principal adds $961/yr, and annual property appreciation at 5% supports $41,166 by year five. Five-year ROI tracks 118.66% and total cumulative return in cash totals $58,612. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,147/mo property income relative to a $729/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60201, Evanston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,520 (100%) |
| Owner Occupied HU | 9,418 (48.2%) |
| Renter Occupied HU | 7,818 (40.1%) |
| Vacant Housing Units | 2,284 (11.7%) |
| Median Home Value | $586,169 |
| Average Home Value | $643,981 |
Housing Distribution
Address Breakdown
Residential
18,839
Single Family
8,171
Multi-Family
10,668
Businesses
1,446
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