38159 N Geraghty AveBeach ParkIL60087
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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 Beach Park at 38159 N Geraghty Ave, Beach Park, IL, 60087 generates $2,741/mo in rent and, after a $1,752/mo payment, leaves $258/mo in cash flow. Total monthly income is $2,741/mo, and annual cash flow is $3,097/yr on $118,677 invested. Return on cash invested sits at 22.52% in year one, and rental yield is 9.19% on a $358,000 entry. Equity gained on principal adds $2,310/yr, while 5% annual appreciation builds toward $98,909 over five years. Five-year ROI reaches 117.84% and total cumulative return in cash sums $139,854. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,741/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.37 Acres 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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Listed by: Heather Cash • Real Broker, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12410530