1980 Howard AveDes 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
Investment property for sale in Des Plaines at 1980 Howard Ave, Des Plaines, IL, 60018 offers a 5.7% rental yield on a $739,900 purchase with $3,515/mo rent. 09% in year one. Equity gained on principal adds $4,774/yr while 5% annual appreciation supports $204,421 over five years. Portfolio math shows five-year ROI at 61.88% and total cumulative return in cash at $150,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,515/mo property income against a $3,621/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1966
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Kokosoulis • Chicagoland Brokers, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12541581