7500 Elmhurst Rd #400Des 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
Investment property for sale in Des Plaines at 7500 Elmhurst Rd #400, Des Plaines, IL, 60018 uses $34,808 cash to close to unlock $40,939/yr annual cash flow and $3,412/mo monthly cash flow. Total monthly income runs $4,140/mo, and a $514/mo payment keeps the spread at $3,412/mo. Purchase price stands at $105,000, and rental yield measures 47.31% with $4,140/mo rent. Return on cash invested shows 137.53% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 734.61% and total cumulative return in cash records $255,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,140/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
N/A 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: Asaf Arevalo • Homesmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12162947
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)