299 Dover LnDes PlainesIL60018
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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 299 Dover Ln, Des Plaines, IL, 60018 offers $3,040/mo rent that, after a $1,542/mo payment, leaves $855/mo cash flow. Total monthly income is $3,040/mo, and annual cash flow is $10,258/yr on $104,423 cash. Return on cash invested measures 29.73% in year one, and rental yield stands at 11.58% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 156.5% and total cumulative return in cash reaches $163,421. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,040/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1963
2,522 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
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Listed by: Joyce Calubaquib • ARNI Realty Incorporated
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12448042