1179 Shawford Way DrElginIL60120
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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
Rental property for sale in Elgin at 1179 Shawford Way Dr, Elgin, IL, 60120 priced at $599,900 converts $4,312/mo rent into $119/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,312/mo, and annual cash flow totals $1,428/yr on $197,367 invested. Return on cash invested prints 20.78% in year one, and rental yield reads 8.63% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 108.58% and total cumulative return in cash sums $214,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,312/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,000 sqft lot
$N/A/sqft
$386 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60120, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,592 (100%) |
| Owner Occupied HU | 11,032 (62.7%) |
| Renter Occupied HU | 5,766 (32.8%) |
| Vacant Housing Units | 794 ( 4.5%) |
| Median Home Value | $261,990 |
| Average Home Value | $302,997 |
Housing Distribution
Address Breakdown
Residential
16,297
Single Family
14,448
Multi-Family
1,849
Businesses
905
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Listed by: Matishkumar Shah • Real People Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12324156
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)