38442 N Wilson 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
Investment property for sale in Beach Park at 38442 N Wilson Ave, Beach Park, IL, 60087 uses $74,588 cash to close to unlock $223/yr annual cash flow and $19/mo monthly cash flow. Total monthly income runs $1,579/mo, and a $1,101/mo payment keeps the spread at $19/mo. Purchase price stands at $225,000, and rental yield measures 8.42% with $1,579/mo rent. Return on cash invested shows 20.21% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 105.44% and total cumulative return in cash records $78,645. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1952
8,276 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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Listed by: Mario Cordova • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12432008