Ballard Plan · Plainfield, IL 60544

$331,990

2 bd · 2.0 ba · 1,620 sqft · Townhouse · 707 Days on market

Excellent condition $298/mo HOA · 11% of rent ↓ 11% since listing

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +5.4/30.0
• Condition / age +4.8/5.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Ballard plan available at The Villas at Lockley is a versatile and stylish single-story home, offering 1,620 square feet of thoughtfully designed living space. With 2 bedrooms, 2 baths, and a 2-car garage, this layout blends functionality and comfort, making it ideal for a variety of lifestyles.

Key facts

• Single-story home
• $298 HOA
• 2 garage spots

Tags

• SINGLE-STORY HOME

🏗️ New construction. The $331,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $402,618.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $332k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-872 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $277k (16.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $280k (15.8% below list).
• Recommended offer: $277k (16.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 67/100 on livability (#496 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Plainfield SD 202 (suburban): math 25% / reading 32% proficiency, ranked #213 of 620 in IL (top 34%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Lincoln Elementary (math 32% / reading 40%, grade F, #503 of 2,056 statewide, top 25%, 532 students, 0% FRL); Richard Ira Jones Middle School (math 30% / reading 42%, grade F, #182 of 665 statewide, top 28%, 837 students, 0% FRL); Plainfield North High School (math 40% / reading 40%, grade F, #85 of 693 statewide, top 12%, 2,377 students, 0% FRL) — zoned schools average 0% FRL vs 17% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 329 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 49d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,028 units permitted in Will County in 2024 (530 in 5+ unit buildings).
• This rent runs 31% of the median local income ($108k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Will County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 707 days — a 12% lower offer ($292k) is reasonable based on typical stale-listing flexibility.

Recommended offer $276,510 (16.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 707 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 3.70%
• Cash-on-cash: -9.28%
• DSCR: 0.59
• GRM: 12.0

CMA / ARV

• ARV (median comp): $402,618
• List price: $331,990
• Delta: -17.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25514 W Alabaster Cir	0.07mi	2/2.0	1,620 (0%)	1mo	$368,780	$228	96
25535 W Alabaster Cir	0.05mi	2/2.0	1,620 (0%)	2mo	$359,990	$222	96
25519 W Alabaster Cir	0.10mi	2/2.0	1,620 (0%)	0mo	$379,825	$234	95
25525 W Alabaster Cir	0.08mi	2/2.0	1,620 (0%)	2mo	$349,990	$216	95
25529 W Alabaster Cir	0.07mi	3/2.0 (+1)	1,668 (+3%)	1mo	$369,990	$222	86
25505 W Alabaster Cir	0.10mi	3/2.0 (+1)	1,668 (+3%)	2mo	$389,990	$234	84
25512 W Alabaster Cir	0.07mi	2/2.0	1,462 (-10%)	1mo	$329,990	$226	80
25521 W Alabaster Cir	0.09mi	2/2.0	1,462 (-10%)	0mo	$336,085	$230	79
25503 W Alabaster Cir	0.10mi	2/2.0	1,462 (-10%)	2mo	$349,990	$239	77
25509 W Emory Ln	0.07mi	3/2.5 (+1)	1,781 (+10%)	0mo	$369,990	$208	73
25532 W Emory Ln	0.09mi	3/2.5 (+1)	1,781 (+10%)	2mo	$379,990	$213	71
14321 S Charlton Pl	0.16mi	3/2.5 (+1)	1,781 (+10%)	1mo	$379,990	$213	68

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -32.7%
• Equity multiple: -0.07×
• Total profit: $-120,523
• Equity at exit: $60,032

10-year hold

• IRR: -38.4%
• Equity multiple: -0.56×
• Total profit: $-175,508
• Equity at exit: $34,811

Cash invested: $112,733 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 26 active · 57 under contract
• Months of supply: 2.7 mo (37%/mo absorbed)
• Median asking: $389,990 ($219/sqft)
• Median days on market: 40 d
• This list price: 12% of active listings are priced below it
• ARV vs active asking: +13.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 60544

• Home prices YoY: -30.8%
• Active inventory: 329
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,796 high
• Mortgage (P&I): −$2,111
• Tax est. 1.5%: −$503 /mo · $6,039/yr
• Insurance: −$168
• HOA: −$298
• Vacancy / Maint / Mgmt: −$587
• Net cashflow: $-872

Break-even live

Break-even rent $3,899

Max offer price $276,510

Occupancy floor —

Sensitivity live

Price	-10% $-593	-5% $-732	+0% $-872	+5% $-1,011	+10% $-1,150
Rent	-10% $-1,092	-5% $-982	+0% $-872	+5% $-761	+10% $-651
Rate	-1.0pp $-669	-0.5pp $-769	base $-872	+0.5pp $-976	+1.0pp $-1,082

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $100,655
• Closing costs: $12,079
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14729 S Greenbriar Dr Plainfield, IL	3.0	2.0	1956	$3,300	$1.69	82d	1	0.43mi
14729 S Greenbriar Dr Plainfield, IL	3.0	2.0	1956	$3,600	$1.84	90d	1	0.43mi
14938 S Henebry Ln Plainfield, IL	3.0	2.5	2074	$3,700	$1.78	2d	1	0.82mi
25650 W Wakefield Dr Unit 2003 Plainfield, IL	3.0	2.5	1840	$2,900	$1.58	3d	1	0.98mi
25704 W Wakefield Dr Plainfield, IL	3.0	2.5	1840	$2,900	$1.58	18d	1	0.99mi
14514 Thomas Jefferson Dr Plainfield, IL	3.0	2.5	1400	$2,200	$1.57	77d	1	0.99mi
14612 Thomas Jefferson Dr Plainfield, IL	2.0	2.5	1495	$2,600	$1.74	6d	1	1.02mi
25706 W Wakefield Dr Plainfield, IL	3.0	2.5	1767	$2,800	$1.58	76d	1	1.03mi
14940 S McCarthy Cir Unit 1 Plainfield, IL	3.0	2.5	2175	$2,950	$1.36	20d	1	1.03mi
14942 S McCarthy Cir Plainfield, IL	3.0	2.5	1764	$2,900	$1.64	59d	1	1.03mi
14942 S McCarthy Cir Plainfield, IL	3.0	2.5	1900	$2,890	$1.52	6d	1	1.03mi
14932 S McCarthy Cir Plainfield, IL	3.0	2.5	2175	$2,995	$1.38	20d	1	1.05mi
14934 S McCarthy Cir Unit 14934 Plainfield, IL	3.0	2.5	1764	$2,700	$1.53	113d	1	1.05mi
14936 S McCarthy Cir Plainfield, IL	3.0	2.5	1764	$2,900	$1.64	115d	1	1.05mi
24708 George Washington Dr Plainfield, IL	3.0	2.5	1344	$2,495	$1.86	120d	1	1.05mi
14948 S McCarthy Cir Unit 14948 Plainfield, IL	3.0	2.5	2175	$3,095	$1.42	2d	1	1.06mi
14638 Patriot Square Dr W Plainfield, IL	2.0	2.5	1757	$2,500	$1.42	33d	1	1.07mi
25736 W Yorkshire Dr Plainfield, IL	3.0	2.5	1764	$2,800	$1.59	139d	1	1.08mi
25647 W Wakefield Dr Plainfield, IL	3.0	2.5	1764	$2,800	$1.59	8d	1	1.08mi
25750 W Yorkshire Dr Unit 25750 Plainfield, IL	3.0	2.5	1764	$2,800	$1.59	25d	1	1.08mi
25752 W Yorkshire Dr Plainfield, IL	3.0	2.5	1764	$2,950	$1.67	54d	1	1.08mi
14951 S McCarthy Cir Unit 14951 Plainfield, IL	3.0	2.5	1764	$2,850	$1.62	93d	1	1.08mi
25732 W Wakefield Dr Plainfield, IL	3.0	2.5	1767	$3,100	$1.75	139d	1	1.09mi
25720 W Yorkshire Dr Plainfield, IL	3.0	2.5	1764	$2,800	$1.59	109d	1	1.10mi
14750 Wallin Dr Plainfield, IL	3.0	1.0–2.0	1092	$2,427	$2.22	2d	23	1.13mi
14946 S Dyer LN Plainfield, IL	3.0	2.5	2039	$3,000	$1.47	50d	1	1.15mi
14946 S Dyer LN Plainfield, IL	3.0	2.5	2039	$3,000	$1.47	77d	1	1.15mi
24618 George Washington Dr Plainfield, IL	3.0	2.0	1690	$2,400	$1.42	20d	1	1.18mi
24615 Patriot Square Dr S #1483 Plainfield, IL	2.0	2.5	1483	$2,500	$1.69	1d	1	1.19mi
24617 Patriot Square Dr S Plainfield, IL	3.0	2.5	1757	$2,500	$1.42	1d	1	1.19mi
24617 Patriot Square Dr S Unit 24617 Plainfield, IL	3.0	2.5	1757	$2,700	$1.54	48d	1	1.19mi
24617 Patriot Square Dr S Plainfield, IL	3.0	2.5	1757	$2,600	$1.48	12d	1	1.19mi
24617 Patriot Square Dr S Plainfield, IL	3.0	2.5	1757	$2,700	$1.54	50d	1	1.19mi
24617 Patriot Square Dr S Plainfield, IL	3.0	2.5	1757	$2,600	$1.48	25d	1	1.19mi
24617 Patriot Square Dr S Plainfield, IL	3.0	2.5	1757	$2,600	$1.48	46d	1	1.19mi
14525 Samuel Adams Dr Plainfield, IL	3.0	2.5	1757	$2,500	$1.42	62d	1	1.19mi
13725 S Sanibel St Plainfield, IL	3.0	2.5	1818	$3,500	$1.93	0d	1	1.33mi
24463 John Adams Dr Plainfield, IL	3.0	2.5	1759	$2,650	$1.51	70d	1	1.41mi
24463 John Adams Dr Plainfield, IL	3.0	2.5	1759	$2,650	$1.51	90d	1	1.41mi

Listing history 50 events

1. 2026-09-22
   days on market $331,990 Active 707 DOM
2. 2026-09-21
   days on market $331,990 Active 706 DOM
3. 2026-09-20
   days on market $331,990 Active 705 DOM
4. 2026-09-19
   days on market $331,990 Active 704 DOM
5. 2026-09-18
   days on market $331,990 Active 703 DOM
6. 2026-09-17
   days on market $331,990 Active 702 DOM
7. 2026-09-16
   days on market $331,990 Active 701 DOM
8. 2026-09-15
   days on market $331,990 Active 700 DOM
9. 2026-09-14
   days on market $331,990 Active 699 DOM
10. 2026-09-13
    days on market $331,990 Active 698 DOM
11. 2026-09-12
    days on market $331,990 Active 697 DOM
12. 2026-09-11
    days on market $331,990 Active 696 DOM
13. 2026-09-05
    days on market $331,990 Active 690 DOM
14. 2026-09-04
    days on market $331,990 Active 689 DOM
15. 2026-09-02
    days on market $331,990 Active 687 DOM
16. 2026-08-31
    days on market $331,990 Active 685 DOM
17. 2026-08-29
    days on market $331,990 Active 683 DOM
18. 2026-08-28
    days on market $331,990 Active 682 DOM
19. 2026-08-27
    days on market $331,990 Active 681 DOM
20. 2026-08-26
    days on market $331,990 Active 680 DOM
21. 2026-08-25
    pricedays on market $331,990 Active 679 DOM
22. 2026-08-24
    days on market $330,990 Active 678 DOM
23. 2026-08-23
    days on market $330,990 Active 677 DOM
24. 2026-08-22
    days on market $330,990 Active 676 DOM
25. 2026-08-21
    days on market $330,990 Active 675 DOM
26. 2026-08-20
    days on market $330,990 Active 674 DOM
27. 2026-08-19
    days on market $330,990 Active 673 DOM
28. 2026-08-18
    days on market $330,990 Active 672 DOM
29. 2026-08-17
    days on market $330,990 Active 671 DOM
30. 2026-08-16
    days on market $330,990 Active 670 DOM
31. 2026-08-15
    days on market $330,990 Active 669 DOM
32. 2026-08-14
    days on market $330,990 Active 668 DOM
33. 2026-08-13
    days on market $330,990 Active 667 DOM
34. 2026-08-12
    days on market $330,990 Active 666 DOM
35. 2026-08-11
    days on market $330,990 Active 665 DOM
36. 2026-08-10
    days on market $330,990 Active 664 DOM
37. 2026-08-09
    days on market $330,990 Active 663 DOM
38. 2026-08-08
    days on market $330,990 Active 662 DOM
39. 2026-08-06
    days on market $330,990 Active 660 DOM
40. 2026-08-05
    days on market $330,990 Active 659 DOM
41. 2026-08-04
    days on market $330,990 Active 658 DOM
42. 2026-08-03
    days on market $330,990 Active 657 DOM
43. 2026-07-31
    days on market $330,990 Active 654 DOM
44. 2026-07-30
    days on market $330,990 Active 652 DOM
45. 2026-07-28
    days on market $330,990 Active 651 DOM
46. 2026-07-26
    days on market $330,990 Active 649 DOM
47. 2026-07-24
    days on market $330,990 Active 647 DOM
48. 2026-07-23
    days on market $330,990 Active 646 DOM
49. 2026-07-22
    days on market $330,990 Active 645 DOM
50. 2026-07-21
    days on market $330,990 Active 644 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $33,553
• − Mortgage interest: −$22,553
• − Property taxes: −$6,039
• − Insurance: −$2,013
• − Repairs & maintenance: −$2,684
• − Management: −$2,684
• − HOA: −$3,576
• − Depreciation: −$11,713
• Taxable loss: −$17,709
• Est. tax savings @ 24.0%: +$4,250
• After-tax cash flow: $-6,208/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This Ballard plan townhouse is in excellent condition with no visible repairs needed. It offers a good balance of functionality and comfort, making it ideal for a variety of lifestyles.

Value-add opportunities

• Both Painting the exterior — Fresh paint can enhance curb appeal and the home's overall appearance. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers. ↑
• Both Interior updates (e.g., new flooring, paint, and furniture) — Fresh updates can make the home more appealing and increase its value for both resale and rental purposes. ↑

F Composite school gradezoned avg 36/100

Zoned Schools

Elementary Lincoln Elementary F IL #503/2,056 Nat'l #22,595/41,679 Middle Richard Ira Jones Middle School F IL #182/665 Nat'l #7,206/14,009 High Plainfield Academy

Schools (NCES district)

• District: Plainfield SD 202
• NCES district ID: 1731740
• Math proficiency: 25% ▼ -16.00%
• Reading proficiency: 32% ▼ -14.00%
• Median HH income: $90,706
• Composite: 28.83/100
• National rank: #6653
• State rank: #213 of 620 in IL

C Composite livability gradescore 67/100

Livability — Plainfield

• Score: 67/100
• State rank: #496
• US rank: #10260

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Plainfield, IL
• County: Will County · 705,368 people
• City population: 75,140
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 27,306
• Household income: $108,304
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 3% of renters

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Population outlook (Will County) Hauer SSP2

• Today (2025): 705,368 people
• By 2030: 708,154 · +0.4%
• By 2040: 702,692 · -0.4%
• By 2050: 680,249 · -3.6%
• By 2075: 611,990 · -13.2%
• By 2100: 516,215 · -26.8%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 13% Two or more races 10% Black 9% Asian 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 2%
• Common ancestry: Romanian 14% Subsaharan African 2% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 83% English-only · Spanish 8% Other Indo-European 3% Russian/Polish/Slavic 2%

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Political lean MEDSL · Will

• 2024 margin: Toss-up / Even · D 50.1% · R 48.5% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 13.2pp · 2024: 1.6pp
• All cycles: 2024: D+1.6 2020: D+8.3 2016: D+5.7 2012: D+3.7 2008: D+13.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.39%
• Current HPI: 191.7581
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

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Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

-11.1% since first listed

12 events — show timeline

• 2026-04-02 Price Changed $328,990 Zillow
• 2026-03-05 Price Changed $327,990 Zillow
• 2025-11-05 Price Changed $377,990 Zillow
• 2025-08-29 Price Changed $375,990 Zillow
• 2025-07-11 Price Changed $365,990 Zillow
• 2025-06-17 Price Changed $362,990 Zillow
• 2025-06-09 Price Changed $361,990 Zillow
• 2025-05-01 Price Changed $359,990 Zillow
• 2025-03-21 Price Changed $356,990 Zillow
• 2025-03-11 Price Changed $351,990 Zillow
• 2025-03-06 Price Changed $349,990 Zillow
• 2024-10-15 Listed $369,990 Zillow