8905 Knight Ave APT 211Des 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 8905 Knight Ave APT 211, Des Plaines, IL, 60016 earns $51/mo cash flow from $1,611/mo rent with a $1,101/mo payment. Total monthly income totals $1,611/mo, and annual cash flow totals $607/yr on $74,588 capital. ROI tracks 20.72% on current figures, and rental yield reads 8.59% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 108.21% and total cumulative return in cash sums $80,709. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,611/mo property income instead of your personal income.
Condo
Built in 1976
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: Ilona Leber • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12514843