9630 Reding CirDes 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 9630 Reding Cir, Des Plaines, IL, 60016 earns from $3,046/mo rent with a $4,870/mo payment. Total monthly income totals $3,046/mo. ROI tracks 5.93% on current figures, and rental yield reads 3.67% at a $995,000 purchase. Equity gained on principal adds $6,421/yr, and 5% annual appreciation supports $274,900 over five years. Five-year ROI reaches 28.82% and total cumulative return in cash sums $94,338. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,046/mo property income instead of your personal income.
Single Family
Built in 1977
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: Zoran Milovanovic • Keller Williams ONEChicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12514450