3051 S Scott StDes 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 3051 S Scott St, Des Plaines, IL, 60018 generates $2,463/mo in rent and, after a $1,708/mo payment, leaves $42/mo in cash flow. Total monthly income is $2,463/mo, and annual cash flow is $509/yr on $115,694 invested. Return on cash invested sits at 20.35% in year one, and rental yield is 8.47% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 106.19% and total cumulative return in cash sums $122,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,463/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
10,249 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: William Farrell • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12532262