400 Ridge Ave APT 16-2EvanstonIL60202
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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 Evanston at 400 Ridge Ave APT 16-2, Evanston, IL, 60202 earns from $1,520/mo rent with a $1,101/mo payment. Total monthly income totals $1,520/mo. ROI tracks 19.26% on current figures, and rental yield reads 8.11% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 100.34% and total cumulative return in cash sums $74,809. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,520/mo property income instead of your personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60202, Evanston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,152 (100%) |
| Owner Occupied HU | 7,762 (51.2%) |
| Renter Occupied HU | 6,343 (41.9%) |
| Vacant Housing Units | 1,047 ( 6.9%) |
| Median Home Value | $425,814 |
| Average Home Value | $522,888 |
Housing Distribution
Address Breakdown
Residential
14,492
Single Family
5,968
Multi-Family
8,524
Businesses
692
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