194 Grove Ave Unit ADes 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
Rental property for sale in Des Plaines at 194 Grove Ave Unit A, Des Plaines, IL, 60016 offers $2,327/mo rent that, after a $1,351/mo payment, leaves $413/mo cash flow. Total monthly income is $2,327/mo, and annual cash flow is $4,950/yr on $91,494 cash. Return on cash invested measures 25.32% in year one, and rental yield stands at 10.12% at a $276,000 entry. Equity gained on principal adds $1,781/yr while 5% annual appreciation compounds into $76,254 by year five. Five-year ROI records 132.85% and total cumulative return in cash reaches $121,549. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,327/mo property income versus a $1,351/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
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: Nayibe Garces • Prello Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12553445