2116 Castle CtWaukeganIL60087
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 Waukegan at 2116 Castle Ct, Waukegan, IL, 60087 generates $2,085/mo in rent, after a $1,439/mo payment. Total monthly income is $2,085/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 8.51% on a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation builds toward $81,227 over five years. Five-year ROI reaches 101.51% and total cumulative return in cash sums $98,928. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,085/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
10,563 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Iris Gomez • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12405319
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)