3411 N Lewis AveWaukeganIL60087
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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 Waukegan at 3411 N Lewis Ave, Waukegan, IL, 60087 priced at $359,900 converts $2,732/mo rent into $235/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,732/mo, and annual cash flow totals $2,822/yr on $119,307 invested. Return on cash invested prints 22.27% in year one, and rental yield reads 9.11% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 116.54% and total cumulative return in cash sums $139,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,732/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2004
8,394 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
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