2009 Harding AveWaukeganIL60085
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
Investment property for sale in Waukegan at 2009 Harding Ave, Waukegan, IL, 60085 offers a 13.22% rental yield on a $189,900 purchase with $2,092/mo rent. Total monthly income registers $2,092/mo, and a $929/mo payment leaves $775/mo available for distribution. Annual cash flow reaches $9,303/yr on $62,952 to close, and return on cash invested stands at 34.69% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 183.12% and total cumulative return in cash at $115,277. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,092/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,500 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices