13202 Lakepoint DrPlainfieldIL60585
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.37% gross rental yield, 13202 Lakepoint Dr, Plainfield, IL, 60585 in Plainfield is priced for capital growth, not immediate cash flow. The $1,199,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $331,262 by year five, with $11,043/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.81) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $203,136.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 5.8% |
| Monthly Cash Flow | $(3,971) | $420 |
City averages based on Plainfield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,366 |
| Total Monthly Debt Service | $7,860 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1996
N/A lot
$N/A/sqft
$250 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1996
N/A lot
$N/A/sqft
$250 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lana Erickson, AHWD,LHC • eXp Realty - Geneva
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12544163