38683 N Lewis AveBeach ParkIL60099
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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 38683 N Lewis Ave, Beach Park, IL, 60099 uses $119,340 cash to close to unlock $10,740/yr annual cash flow and $895/mo monthly cash flow. Total monthly income runs $3,392/mo, and a $1,762/mo payment keeps the spread at $895/mo. Purchase price stands at $360,000, and rental yield measures 11.31% with $3,392/mo rent. Return on cash invested shows 28.91% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 152.07% and total cumulative return in cash records $181,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,392/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Multi Family
Built in 1955
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60099, Zion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,120 (100%) |
| Owner Occupied HU | 7,070 (58.3%) |
| Renter Occupied HU | 4,242 (35.0%) |
| Vacant Housing Units | 808 ( 6.7%) |
| Median Home Value | $201,948 |
| Average Home Value | $236,141 |
Housing Distribution
Address Breakdown
Residential
11,258
Single Family
9,008
Multi-Family
2,250
Businesses
531
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Listed by: Jim Starwalt, ABR,CRS,CSC,GRI • Better Homes and Garden Real Estate Star Homes
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12484328