222 Cornell AveDes 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 222 Cornell Ave, Des Plaines, IL, 60016 uses $139,562 cash to close to unlock $305/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $2,946/mo, and a $2,061/mo payment keeps the spread at $25/mo. Purchase price stands at $421,000, and rental yield measures 8.4% with $2,946/mo rent. Return on cash invested shows 20.13% in year one, and 5% annual appreciation builds toward $116,315 over five years. Five-year ROI reaches 105.01% and total cumulative return in cash records $146,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,946/mo property income covering a $2,061/mo payment rather than investor’s personal income.
Single Family
Built in 1953
8,520 sqft 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: Holly Connors • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12390684
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)