1724 Illinois StDes 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 1724 Illinois St, Des Plaines, IL, 60018 listed at $369,000 pairs $2,629/mo rent with a $1,806/mo payment to leave $70/mo cash flow. Total monthly income runs $2,629/mo, and annual cash flow reaches $835/yr on $122,324 cash to close. Return on cash invested measures 20.59% in year one, and rental yield registers 8.55% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 107.49% and total cumulative return in cash totals $131,487. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,629/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
8,400 sqft 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: Daniel Cartalucca • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12374453