8804 Golf Rd APT 2FDes 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 Golf Rd APT 2F, Des Plaines, IL, 60016 uses $56,355 cash to close to unlock $1,463/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,301/mo, and a $832/mo payment keeps the spread at $122/mo. Purchase price stands at $170,000, and rental yield measures 9.18% with $1,301/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 117.75% and total cumulative return in cash records $66,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,301/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1970
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: Lusy Flores • Luna Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12471306