8896 David Pl APT 2EDes 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 8896 David Pl APT 2E, Des Plaines, IL, 60016 offers a 9.17% rental yield on a $170,000 purchase with $1,299/mo rent. Total monthly income registers $1,299/mo, and a $832/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,439/yr on $56,355 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 117.51% and total cumulative return in cash at $66,225. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,299/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Joanna Wozny • Exit Realty Redefined
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12509034