308 Berkshire LnDes PlainesIL60016
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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 Des Plaines at 308 Berkshire Ln, Des Plaines, IL, 60016 with 5% annual appreciation on a $1,079,000 basis while $3,046/mo rent supports operations. 14% in year one. Equity gained on principal adds $6,963/yr, and five-year appreciation sums $298,108 alongside rental yield of 3.39%. Five-year ROI measures 24.54% and total cumulative return in cash totals $85,790. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,046/mo property income versus a $5,281/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
N/A 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: Johnson Maliekkal, ABR • RE/MAX SAWA
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12499351