1410 Timber LnSouth ElginIL60177
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 South Elgin at 1410 Timber Ln, South Elgin, IL, 60177 generates $3,155/mo in rent and, after a $1,615/mo payment, leaves $866/mo in cash flow. Total monthly income is $3,155/mo, and annual cash flow is $10,397/yr on $109,362 invested. Return on cash invested sits at 29.42% in year one, and rental yield is 11.48% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 154.82% and total cumulative return in cash sums $169,311. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,155/mo property income rather than buyer’s personal income.
Multi Family
Built in 1995
5,708 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ali Isunza • Inspire Realty Group LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12444977