520 4th StWaukeganIL60085
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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 Waukegan at 520 4th St, Waukegan, IL, 60085 uses $61,460 cash to close to unlock $15,751/yr annual cash flow and $1,313/mo monthly cash flow. Total monthly income runs $2,665/mo, and a $907/mo payment keeps the spread at $1,313/mo. Purchase price stands at $185,400, and rental yield measures 17.25% with $2,665/mo rent. Return on cash invested shows 45.54% in year one, and 5% annual appreciation builds toward $51,223 over five years. Five-year ROI reaches 241.75% and total cumulative return in cash records $148,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,665/mo property income covering a $907/mo payment rather than investor’s personal income.
Single Family
Built in 1905
4,482 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60085, Waukegan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,314 (100%) |
| Owner Occupied HU | 11,009 (43.5%) |
| Renter Occupied HU | 12,949 (51.2%) |
| Vacant Housing Units | 1,356 ( 5.4%) |
| Median Home Value | $178,326 |
| Average Home Value | $229,648 |
Housing Distribution
Address Breakdown
Residential
23,168
Single Family
15,856
Multi-Family
7,312
Businesses
1,796
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