15623 S Frederick AvePlainfieldIL60544
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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 Plainfield at 15623 S Frederick Ave, Plainfield, IL, 60544 offers a 8.26% rental yield on a $289,900 purchase with $1,995/mo rent. 71% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 102.8% and total cumulative return in cash at $98,793. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,995/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60544, Plainfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,576 (100%) |
| Owner Occupied HU | 9,109 (78.7%) |
| Renter Occupied HU | 2,073 (17.9%) |
| Vacant Housing Units | 394 ( 3.4%) |
| Median Home Value | $346,441 |
| Average Home Value | $377,883 |
Housing Distribution
Address Breakdown
Residential
10,857
Single Family
10,578
Multi-Family
279
Businesses
1,096
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Listed by: Eric Jensen • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12480195