16954 S Lucas DrPlainfieldIL60586
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 16954 S Lucas Dr, Plainfield, IL, 60586 in Plainfield. Priced at $479,873, it generates $4,295/mo in gross rent and $886/mo in net monthly cash flow, a 10.74% yield that comfortably supports the 1.99 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,636. Five-year appreciation: $132,580. Equity from principal paydown: $4,420/yr. Total projected cumulative return: $245,742.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.8% |
| Monthly Cash Flow | $886 | $420 |
City averages based on Plainfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,295 |
| Total Monthly Debt Service | $3,138 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2023
10,018 sqft lot
$N/A/sqft
No 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 2023
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Domasik • RE/MAX 10 in the Park
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12539357