37966 N Harper RdBeach ParkIL60087
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 37966 N Harper Rd, Beach Park, IL, 60087 in Beach Park: $3,540/mo in rent, $2,743/mo net, 36.97% gross yield, all on a $114,900 acquisition. The 6.85 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $31,745 in value, and $1,058/yr in principal paydown steadily builds equity. Projected total cumulative return: $220,466.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 37% | 6.0% |
| Monthly Cash Flow | $2,743 | $150 |
City averages based on Beach Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,540 |
| Total Monthly Debt Service | $751 |
| DSCR Ratio | 4.71x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1936
8,350 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1936
8,350 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices