390 S Western Ave APT 512Des 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 390 S Western Ave APT 512, Des Plaines, IL, 60016 generates $2,728/mo in rent and, after a $1,463/mo payment, leaves $655/mo in cash flow. Total monthly income is $2,728/mo, and annual cash flow is $7,854/yr on $99,119 invested. Return on cash invested sits at 27.83% in year one, and rental yield is 10.95% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 146.32% and total cumulative return in cash sums $145,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,728/mo property income rather than buyer’s personal income.
Condo
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: Mary Shanley Aloisio • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12445587