1636 Ashland Ave UNIT 209Des 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 1636 Ashland Ave UNIT 209, Des Plaines, IL, 60016 listed at $307,000 pairs $2,981/mo rent with a $1,503/mo payment to leave $851/mo cash flow. Total monthly income runs $2,981/mo, and annual cash flow reaches $10,214/yr on $101,771 cash to close. Return on cash invested measures 29.95% in year one, and rental yield registers 11.65% at a $307,000 basis. Equity gained on principal adds $1,981/yr, and annual property appreciation at 5% supports $84,818 by year five. Five-year ROI tracks 157.67% and total cumulative return in cash totals $160,466. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,981/mo property income relative to a $1,503/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
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: Elnur Eshmenbetov • Real People Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12431664