24135 W Walnut CirPlainfieldIL60585
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 24135 W Walnut Cir, Plainfield, IL, 60585 in Plainfield: $2,890/mo in rent, $671/mo net, 10.84% gross yield, all on a $319,900 acquisition. The 2.01 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $88,382 in value, and $2,946/yr in principal paydown steadily builds equity. Projected total cumulative return: $165,551.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.8% |
| Monthly Cash Flow | $671 | $420 |
City averages based on Plainfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,890 |
| Total Monthly Debt Service | $2,092 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
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
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Nelson • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12475459