1279 Harding Ave APT 2BDes 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 1279 Harding Ave APT 2B, Des Plaines, IL, 60016 uses $61,327 cash to close to unlock $2,092/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,457/mo, and a $905/mo payment keeps the spread at $174/mo. Purchase price stands at $184,999, and rental yield measures 9.45% with $1,457/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 122.16% and total cumulative return in cash records $74,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,457/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A 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: Joseph Marella • Keller Williams Realty Ptnr,LL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12467382