161 W River Rd #H7LTFTElginIL60123
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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
Investment property for sale in Elgin at 161 W River Rd #H7LTFT, Elgin, IL, 60123 uses $48,963 cash to close to unlock $18,749/yr annual cash flow and $1,562/mo monthly cash flow. Total monthly income runs $2,587/mo, and a $723/mo payment keeps the spread at $1,562/mo. Purchase price stands at $147,700, and rental yield measures 21.02% with $2,587/mo rent. Return on cash invested shows 58.2% in year one, and 5% annual appreciation builds toward $40,807 over five years. Five-year ROI reaches 309.23% and total cumulative return in cash records $151,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,587/mo property income covering a $723/mo payment rather than investor’s personal income.
Single Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60123, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,172 (100%) |
| Owner Occupied HU | 11,272 (62.0%) |
| Renter Occupied HU | 6,153 (33.9%) |
| Vacant Housing Units | 747 ( 4.1%) |
| Median Home Value | $269,733 |
| Average Home Value | $313,397 |
Housing Distribution
Address Breakdown
Residential
17,284
Single Family
13,804
Multi-Family
3,480
Businesses
1,463
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