439 Ridge Ave APT 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 439 Ridge Ave APT 2, Evanston, IL, 60202 uses $56,024 cash to close to unlock $1,235/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,275/mo, and a $827/mo payment keeps the spread at $103/mo. Purchase price stands at $169,000, and rental yield measures 9.05% with $1,275/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 115.66% and total cumulative return in cash records $64,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,275/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1983
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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