2625 Varonen Ave, Waukegan, IL, 60087 | 8.15% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,647/mo, and a $1,187/mo payment. Purchase price stands at $242,500, and rental yield measures 8.15% with $1,647/mo rent. Return on cash invested shows 19.39% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 101.01% and total cumulative return in cash records $81,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,647/mo property income covering a $1,187/mo payment rather than investor’s personal income.

Single Family

Built in 1962

0.31 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