1021 Broadmoor Dr, Elgin, IL, 60124 | 7.65% Rental Yield

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Elgin at 1021 Broadmoor Dr, Elgin, IL, 60124 generates $2,861/mo in rent, after a $2,197/mo payment. Total monthly income is $2,861/mo. Return on cash invested sits at 16.28% in year one, and rental yield is 7.65% on a $448,900 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,023 over five years. Five-year ROI reaches 84.97% and total cumulative return in cash sums $126,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,861/mo property income rather than buyer’s personal income.

Condo

Built in 2012

N/A lot

$N/A/sqft

$197 monthly HOA