538 May StWaukeganIL60085
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Waukegan at 538 May St, Waukegan, IL, 60085 priced at $220,000 converts $2,417/mo rent into $891/mo cash flow after a $1,077/mo obligation. Total monthly income equals $2,417/mo, and annual cash flow totals $10,690/yr on $72,930 invested. Return on cash invested prints 34.57% in year one, and rental yield reads 13.18% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 182.44% and total cumulative return in cash sums $133,055. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,417/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
6,250 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices