381 W Millers RdDes 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
Rental property for sale in Des Plaines at 381 W Millers Rd, Des Plaines, IL, 60016 priced at $405,000 pairs $3,068/mo rent with $259/mo cash flow after a $1,982/mo payment. Total monthly income equals $3,068/mo, and annual cash flow comes to $3,109/yr on $134,258 invested. Return on cash invested is 22.23% in year one, and rental yield stands at 9.09% on a $405,000 basis. Equity gained on principal adds $2,613/yr, and 5% annual appreciation accumulates to $111,894 by year five. Five-year ROI measures 116.28% and total cumulative return in cash reaches $156,110. For financing, Ziffy Mortgage’s DSCR program evaluates $3,068/mo property income against a $1,982/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
10,018 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: Michael Savegnago • Legacy Properties, A Sarah Leonard Company
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12559113