1103 Lawrence AveElginIL60123
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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 Elgin at 1103 Lawrence Ave, Elgin, IL, 60123 earns $368/mo cash flow from $2,587/mo rent with a $1,566/mo payment. Total monthly income totals $2,587/mo, and annual cash flow totals $4,414/yr on $106,047 capital. ROI tracks 24.07% on current figures, and rental yield reads 9.7% at a $319,900 purchase. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 over five years. Five-year ROI reaches 126.14% and total cumulative return in cash sums $133,772. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,587/mo property income instead of your personal income.
Single Family
Built in 1953
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60123, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,172 (100%) |
| Owner Occupied HU | 11,272 (62.0%) |
| Renter Occupied HU | 6,153 (33.9%) |
| Vacant Housing Units | 747 ( 4.1%) |
| Median Home Value | $269,733 |
| Average Home Value | $313,397 |
Housing Distribution
Address Breakdown
Residential
17,284
Single Family
13,804
Multi-Family
3,480
Businesses
1,463
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