Ballard Plan, The Villas at LockleyPlainfieldIL60544
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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
Rental property for sale in Plainfield at Ballard Plan, The Villas at Lockley, Plainfield, IL, 60544 priced at $377,990 converts $3,144/mo rent into $522/mo cash flow after a $1,850/mo obligation. Total monthly income equals $3,144/mo, and annual cash flow totals $6,267/yr on $125,304 invested. Return on cash invested prints 24.91% in year one, and rental yield reads 9.98% against a $377,990 entry. Equity gained on principal adds $2,439/yr, while 5% annual appreciation compiles into $104,432 by year five. Five-year ROI reaches 130.67% and total cumulative return in cash sums $163,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,144/mo property income covering a $1,850/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60544, Plainfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,576 (100%) |
| Owner Occupied HU | 9,109 (78.7%) |
| Renter Occupied HU | 2,073 (17.9%) |
| Vacant Housing Units | 394 ( 3.4%) |
| Median Home Value | $346,441 |
| Average Home Value | $377,883 |
Housing Distribution
Address Breakdown
Residential
10,857
Single Family
10,578
Multi-Family
279
Businesses
1,096
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Listed by: N/A • M/I Homes
Mls Name: M/I Homes
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Mls ID: #N/A