722 W Keith AveWaukeganIL60085
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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 722 W Keith Ave, Waukegan, IL, 60085 with 5% annual appreciation on a $255,000 basis while $2,459/mo rent supports operations. Total monthly income totals $2,459/mo and a $1,248/mo payment preserves $690/mo for cash returns. Annual cash flow comes to $8,284/yr on $84,533 deployed, and return on cash invested reaches 29.71% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 11.57%. Five-year ROI measures 156.4% and total cumulative return in cash totals $132,212.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,459/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
6,384 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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