2314 Sherman Ave #GEvanstonIL60201
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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 2314 Sherman Ave #G, Evanston, IL, 60201 earns $67/mo cash flow from $2,140/mo rent with a $1,463/mo payment. Total monthly income totals $2,140/mo, and annual cash flow totals $798/yr on $99,119 capital. ROI tracks 20.71% on current figures, and rental yield reads 8.59% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 108.16% and total cumulative return in cash sums $107,206. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,140/mo property income instead of your personal income.
Condo
Built in 1920
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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