15 S Conway CtSouth ElginIL60177
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 15 S Conway Ct, South Elgin, IL, 60177 in South Elgin at $460,000 earns $3,354/mo in rent and nets $163/mo after the $2,068/mo payment, a 8.75% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $127,090 over five years. Ziffy Mortgage underwrites this on a 1.62 DSCR without U.S. credit history. With $4,237/yr in principal paydown, total projected return reaches $186,464.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $163 | $300 |
City averages based on South Elgin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,354 |
| Total Monthly Debt Service | $3,008 |
| DSCR Ratio | 1.12x |
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 2001
0.42 Acres 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
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 2001
0.42 Acres 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: Stephanie Albanese • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12557293