1906 Lee StDes PlainesIL60018
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
Rental property for sale in Des Plaines at 1906 Lee St, Des Plaines, IL, 60018 priced at $1,585,000 converts $3,515/mo rent into after a $7,758/mo obligation. Total monthly income equals $3,515/mo. Return on cash invested prints 2.89% in year one, and rental yield reads 2.66% against a $1,585,000 entry. Equity gained on principal adds $10,228/yr, while 5% annual appreciation compiles into $437,906 by year five. Five-year ROI reaches 12.5% and total cumulative return in cash sums $64,174. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,515/mo property income covering a $7,758/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alina Burlac • Studio Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12424615