8808 Briar Ct UNIT 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 8808 Briar Ct UNIT 2A, Des Plaines, IL, 60016 offers a 13.97% rental yield on a $178,000 purchase with $2,072/mo rent. Total monthly income registers $2,072/mo, and a $871/mo payment leaves $549/mo available for distribution. Annual cash flow reaches $6,583/yr on $59,007 to close, and return on cash invested stands at 31.07% in year one. Equity gained on principal adds $1,149/yr while 5% annual appreciation supports $49,178 over five years. Portfolio math shows five-year ROI at 165.83% and total cumulative return in cash at $97,849. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,072/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
2.72 Acres lot
$N/A/sqft
$289 monthly 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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