1483 Garfield DrElburnIL60119
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1483 Garfield Dr, Elburn, IL, 60119 in Elburn is a solid income-producing rental, 9.8% gross yield, $3,714/mo rent, $509/mo net cash flow on a $454,885 buy. DSCR 1.82 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $125,676 and $4,190/yr in principal reduction project a total cumulative return of $206,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.5% |
| Monthly Cash Flow | $509 | $300 |
City averages based on Elburn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,714 |
| Total Monthly Debt Service | $3,024 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
7,686 sqft lot
$N/A/sqft
$50 monthly 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
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
Single Family
Built in 2024
7,686 sqft lot
$N/A/sqft
$50 monthly 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