183 N East River Rd UNIT C1Des PlainesIL60016
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
Investment Highlights
Investment property for sale in Des Plaines at 183 N East River Rd UNIT C1, Des Plaines, IL, 60016 offers a 10.65% rental yield on a $429,000 purchase with $3,806/mo rent. Total monthly income registers $3,806/mo, and a $2,100/mo payment leaves $830/mo available for distribution. Annual cash flow reaches $9,961/yr on $142,214 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 141.4% and total cumulative return in cash at $201,097. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,806/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Jendo • Jam Realty Co
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12516966