3131 Central StEvanstonIL60201
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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
Rental property for sale in Evanston at 3131 Central St, Evanston, IL, 60201 generates $3,750/mo in rent and, after a $2,283/mo payment, leaves $515/mo in cash flow. Total monthly income is $3,750/mo, and annual cash flow is $6,177/yr on $154,612 invested. Return on cash invested sits at 23.9% in year one, and rental yield is 9.65% on a $466,400 entry. Equity gained on principal adds $3,010/yr, while 5% annual appreciation builds toward $128,858 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash sums $193,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,750/mo property income rather than buyer’s personal income.
Townhouse
Built in 1963
2,950 sqft 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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