555 Waikiki Dr

Des Plaines, IL 60016
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3 bd, 4 ba | 2,154 sqft | Built in 1982

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List Price
$489,900

Initial Investment

$133,498

Purchase Price

$489,900

Down Payment

25%

Rent

$3,670

Total Return

$107,953

Annualized Return

12.0%

Cap Rate

4.8%

Gross Yield

9.0%

Cash Flow

-$4,793

Appreciation

4.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,249

HOA

None

Flood Risk

Not Required

BEAUTIFUL AND WELL-MAINTAINED RANCH HOME FEATURES 3 BED 3.1 BATH, MASTER BEDROOM FEATURES A FULL BATHROOM, SPACIOUS LIVING&DINING ROOM, LARGE KITCHEN WITH GRANITE COUNTER TOPS AND STAINLESS-STEEL APPLIANCES. MAIN FLOOR FAMILY ROOM PATIO/YARD & 2 CAR GARAGE. GLEAMING HARDWOOD FLOORS THROUGHOUT FIRST FLOOR EXCEPT KITCHEN AND BEDROOMS.FULL FINISHED BASEMENT WITH REC ROOM WITH LOTS OF STORAGE. SOME OF THE RECENT UPGRADE'S ROOF (2023) FURNACE (2022) KITCHEN, BATH AND WINDOWS (2023) GREAT LOCATION CONVENIENT TO SCHOOLS, TRANSPORTATION, SHOPPING, HOSPITALS AND ALL.

MARKETS

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NEIGHBORHOOD

SCHOOLS

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$41,838

Expenses

-$7,447

Property Taxes

-$12,550

Loan Payments

-$26,634

Net Cash Flow

-$4,793

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Thomas Kuruvilla
Agent License 475167828
Achieve Real Estate Group Inc
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12299749
Last Updated: 03/18/2025 18:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.