828 Monroe StEvanstonIL60202
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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
Rental property for sale in Evanston at 828 Monroe St, Evanston, IL, 60202 offers $11,086/mo rent that, after a $3,177/mo payment, leaves $6,584/mo cash flow. Total monthly income is $11,086/mo, and annual cash flow is $79,007/yr on $213,521 cash. Return on cash invested measures 57.06% in year one, and rental yield stands at 20.5% at a $649,000 entry. Equity gained on principal adds $4,188/yr while 5% annual appreciation compounds into $179,307 by year five. Five-year ROI records 303.02% and total cumulative return in cash reaches $647,016. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $11,086/mo property income versus a $3,177/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1896
6,200 sqft 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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