9381 Bay Colony Dr APT 3NDes 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 9381 Bay Colony Dr APT 3N, Des Plaines, IL, 60016 earns from $1,440/mo rent with a $1,052/mo payment. Total monthly income totals $1,440/mo. ROI tracks 19.05% on current figures, and rental yield reads 8.04% at a $214,995 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,399 over five years. Five-year ROI reaches 99.29% and total cumulative return in cash sums $70,764. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.
Condo
Built in 1975
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: Michael Mandile • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12545754