3806 W Devon AveLincolnwoodIL60712
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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 Lincolnwood at 3806 W Devon Ave, Lincolnwood, IL, 60712 generates $3,551/mo in rent and, after a $1,953/mo payment, leaves $783/mo in cash flow. Total monthly income is $3,551/mo, and annual cash flow is $9,400/yr on $132,269 invested. Return on cash invested sits at 27.02% in year one, and rental yield is 10.68% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 141.95% and total cumulative return in cash sums $187,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,551/mo property income rather than buyer’s personal income.
Townhouse
Built in 1999
1,386 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60712, Lincolnwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,891 (77.7%) |
| Renter Occupied HU | 761 (15.2%) |
| Vacant Housing Units | 356 ( 7.1%) |
| Median Home Value | $470,486 |
| Average Home Value | $542,312 |
Housing Distribution
Address Breakdown
Residential
5,205
Single Family
3,928
Multi-Family
1,277
Businesses
641
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Listed by: Ruby Park • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12526736