150 Festival CtElginIL60120
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 Elgin at 150 Festival Ct, Elgin, IL, 60120 generates $2,280/mo in rent, after a $1,649/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 19.3% in year one, and rental yield is 8.12% on a $337,000 entry. Equity gained on principal adds $2,175/yr, while 5% annual appreciation builds toward $93,107 over five years. Five-year ROI reaches 100.52% and total cumulative return in cash sums $112,296. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
1,196 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices