1382 Independence AveElburnIL60119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elburn at 1382 Independence Ave, Elburn, IL, 60119 generates $3,714/mo in rent, after a $3,274/mo payment. Total monthly income is $3,714/mo. Return on cash invested sits at 15.01% in year one, and rental yield is 6.66% on a $669,000 entry. Equity gained on principal adds $4,317/yr, while 5% annual appreciation builds toward $184,832 over five years. Five-year ROI reaches 77.56% and total cumulative return in cash sums $170,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,714/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
10,193 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60119, Elburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,456 (100%) |
| Owner Occupied HU | 3,839 (86.2%) |
| Renter Occupied HU | 488 (11.0%) |
| Vacant Housing Units | 129 ( 2.9%) |
| Median Home Value | $422,799 |
| Average Home Value | $452,768 |
Housing Distribution
Address Breakdown
Residential
4,069
Single Family
3,994
Multi-Family
75
Businesses
395
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices