1114 Hewitt DrDes PlainesIL60016
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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 1114 Hewitt Dr, Des Plaines, IL, 60016 listed at $384,900 pairs $3,036/mo rent with a $1,884/mo payment to leave $366/mo cash flow. Total monthly income runs $3,036/mo, and annual cash flow reaches $4,394/yr on $127,594 cash to close. Return on cash invested measures 23.35% in year one, and rental yield registers 9.47% at a $384,900 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,341 by year five. Five-year ROI tracks 122.31% and total cumulative return in cash totals $156,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,036/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
10,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60016, Des Plaines, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,341 (100%) |
| Owner Occupied HU | 16,181 (61.4%) |
| Renter Occupied HU | 8,194 (31.1%) |
| Vacant Housing Units | 1,966 ( 7.5%) |
| Median Home Value | $323,180 |
| Average Home Value | $335,747 |
Housing Distribution
Address Breakdown
Residential
25,701
Single Family
12,431
Multi-Family
13,270
Businesses
1,198
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Listed by: Michael Kennedy • Fox Hollow Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12465260