9997 W Paddock AveBeach ParkIL60087
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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 Beach Park at 9997 W Paddock Ave, Beach Park, IL, 60087 listed at $389,900 pairs $3,758/mo rent with a $1,908/mo payment to leave $1,054/mo cash flow. Total monthly income runs $3,758/mo, and annual cash flow reaches $12,647/yr on $129,252 cash to close. Return on cash invested measures 29.69% in year one, and rental yield registers 11.57% at a $389,900 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,722 by year five. Five-year ROI tracks 156.29% and total cumulative return in cash totals $202,009. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,758/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60087, Waukegan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,191 (100%) |
| Owner Occupied HU | 6,052 (59.4%) |
| Renter Occupied HU | 3,660 (35.9%) |
| Vacant Housing Units | 479 ( 4.7%) |
| Median Home Value | $219,399 |
| Average Home Value | $251,883 |
Housing Distribution
Address Breakdown
Residential
10,117
Single Family
7,567
Multi-Family
2,550
Businesses
476
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Listed by: Natalie Masse • Movoto Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12417167