2135 Colorado Ave #2135ElginIL60123
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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 2135 Colorado Ave #2135, Elgin, IL, 60123 earns $508/mo cash flow from $2,164/mo rent with a $1,077/mo payment. Total monthly income totals $2,164/mo, and annual cash flow totals $6,094/yr on $72,930 capital. ROI tracks 28.26% on current figures, and rental yield reads 11.8% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 149.4% and total cumulative return in cash sums $108,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,164/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$130 monthly 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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Listed by: Arthur Moore • Century 21 Circle
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12387238
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)