1291 Phoenix DrDes 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
Rental property for sale in Des Plaines at 1291 Phoenix Dr, Des Plaines, IL, 60018 priced at $395,995 converts $3,654/mo rent into $908/mo cash flow after a $1,938/mo obligation. Total monthly income equals $3,654/mo, and annual cash flow totals $10,890/yr on $131,272 invested. Return on cash invested prints 28.2% in year one, and rental yield reads 11.07% against a $395,995 entry. Equity gained on principal adds $2,555/yr, while 5% annual appreciation compiles into $109,406 by year five. Five-year ROI reaches 148.31% and total cumulative return in cash sums $194,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,654/mo property income covering a $1,938/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,293 sqft 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: Michael Olszewski • Area Wide Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12483454