1108 Everett LnDes PlainesIL60018
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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 Des Plaines at 1108 Everett Ln, Des Plaines, IL, 60018 uses $92,787 cash to close to unlock $378/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $1,973/mo, and a $1,370/mo payment keeps the spread at $32/mo. Purchase price stands at $279,900, and rental yield measures 8.46% with $1,973/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 106.04% and total cumulative return in cash records $98,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,973/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60018, Des Plaines, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,621 (100%) |
| Owner Occupied HU | 7,471 (70.3%) |
| Renter Occupied HU | 2,642 (24.9%) |
| Vacant Housing Units | 508 ( 4.8%) |
| Median Home Value | $323,190 |
| Average Home Value | $328,090 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
8,063
Multi-Family
2,712
Businesses
1,635
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Listed by: Dumitrita Bogus • KOMAR
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12417780