1582 Pennsylvania AveDes 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
Investment property for sale in Des Plaines at 1582 Pennsylvania Ave, Des Plaines, IL, 60018 offers a 8.5% rental yield on a $314,900 purchase with $2,231/mo rent. Total monthly income registers $2,231/mo, and a $1,541/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $565/yr on $104,389 to close, and return on cash invested stands at 20.45% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 106.77% and total cumulative return in cash at $111,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,231/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1964
N/A 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: Leticia Cejeda • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12511169