960 S River Rd APT 208Des PlainesIL60016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 960 S River Rd APT 208, Des Plaines, IL, 60016 earns $530/mo cash flow from $1,744/mo rent with a $857/mo payment. Total monthly income totals $1,744/mo, and annual cash flow totals $6,356/yr on $58,013 capital. ROI tracks 30.87% on current figures, and rental yield reads 11.96% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 162.6% and total cumulative return in cash sums $94,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,744/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Dougherty • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12506381