5406 Lincoln Ave APT 3FSkokieIL60077
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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 Skokie at 5406 Lincoln Ave APT 3F, Skokie, IL, 60077 uses $84,533 cash to close to unlock $304/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $1,248/mo payment keeps the spread at $25/mo. Purchase price stands at $255,000, and rental yield measures 8.44% with $1,794/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 105.8% and total cumulative return in cash records $89,432. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60077, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,412 (100%) |
| Owner Occupied HU | 6,835 (59.9%) |
| Renter Occupied HU | 3,980 (34.9%) |
| Vacant Housing Units | 597 ( 5.2%) |
| Median Home Value | $354,218 |
| Average Home Value | $389,827 |
Housing Distribution
Address Breakdown
Residential
11,210
Single Family
5,188
Multi-Family
6,022
Businesses
1,340
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