21258 W Edison LnPlainfieldIL60544
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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 Plainfield at 21258 W Edison Ln, Plainfield, IL, 60544 uses $82,875 cash to close to unlock $4,807/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $2,135/mo, and a $1,224/mo payment keeps the spread at $401/mo. Purchase price stands at $250,000, and rental yield measures 10.25% with $2,135/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 134.95% and total cumulative return in cash records $111,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,135/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in 1998
6,444 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60544, Plainfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,576 (100%) |
| Owner Occupied HU | 9,109 (78.7%) |
| Renter Occupied HU | 2,073 (17.9%) |
| Vacant Housing Units | 394 ( 3.4%) |
| Median Home Value | $346,441 |
| Average Home Value | $377,883 |
Housing Distribution
Address Breakdown
Residential
10,857
Single Family
10,578
Multi-Family
279
Businesses
1,096
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Listed by: Beverly Callison • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12518152