217 Henry St, Elgin, IL, 60120 | $72/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Elgin at 217 Henry St, Elgin, IL, 60120 priced at $265,000 pairs $1,910/mo rent with $72/mo cash flow after a $1,297/mo payment. Total monthly income equals $1,910/mo, and annual cash flow comes to $863/yr on $87,848 invested. Return on cash invested is 20.89% in year one, and rental yield stands at 8.65% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 109.09% and total cumulative return in cash reaches $95,835. For financing, Ziffy Mortgage’s DSCR program evaluates $1,910/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1898

8,712 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