1030 West DrSouth ElginIL60177
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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 South Elgin at 1030 West Dr, South Elgin, IL, 60177 offers a 9.04% rental yield on a $119,000 purchase with $896/mo rent. Total monthly income registers $896/mo, and a $582/mo payment leaves $71/mo available for distribution. Annual cash flow reaches $852/yr on $39,449 to close, and return on cash invested stands at 22.07% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 115.52% and total cumulative return in cash at $45,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $896/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
6,952 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60177, South Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,125 (100%) |
| Owner Occupied HU | 7,325 (80.3%) |
| Renter Occupied HU | 1,441 (15.8%) |
| Vacant Housing Units | 359 ( 3.9%) |
| Median Home Value | $350,347 |
| Average Home Value | $380,650 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,388
Multi-Family
808
Businesses
633
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Listed by: Elizabeth Bos • Fulton Grace Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12479314