8804 Briar Ct APT 2ADes 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 8804 Briar Ct APT 2A, Des Plaines, IL, 60016 earns $189/mo cash flow from $1,472/mo rent with a $905/mo payment. Total monthly income totals $1,472/mo, and annual cash flow totals $2,271/yr on $61,328 capital. ROI tracks 23.61% on current figures, and rental yield reads 9.55% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash sums $75,891. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,472/mo property income instead of your personal income.
Condo
Built in 1971
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: Tadeusz Dolecki • RE/MAX Properties Northwest
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12430503