347 Florence AveEvanstonIL60202
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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 347 Florence Ave, Evanston, IL, 60202 offers $3,446/mo rent that, after a $2,839/mo payment. Total monthly income is $3,446/mo. Return on cash invested measures 16.43% in year one, and rental yield stands at 7.13% at a $580,000 entry. Equity gained on principal adds $3,743/yr while 5% annual appreciation compounds into $160,243 by year five. Five-year ROI records 85.14% and total cumulative return in cash reaches $162,465. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,446/mo property income versus a $2,839/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
7,353 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60202, Evanston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,152 (100%) |
| Owner Occupied HU | 7,762 (51.2%) |
| Renter Occupied HU | 6,343 (41.9%) |
| Vacant Housing Units | 1,047 ( 6.9%) |
| Median Home Value | $425,814 |
| Average Home Value | $522,888 |
Housing Distribution
Address Breakdown
Residential
14,492
Single Family
5,968
Multi-Family
8,524
Businesses
692
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