219 Cassidy Ln UNIT 0ElginIL60124
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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 219 Cassidy Ln UNIT 0, Elgin, IL, 60124 offers a 12.72% rental yield on a $342,000 purchase with $3,626/mo rent. Total monthly income registers $3,626/mo, and a $1,674/mo payment leaves $1,052/mo available for distribution. Annual cash flow reaches $12,621/yr on $113,373 to close, and return on cash invested stands at 31.04% in year one. Equity gained on principal adds $2,207/yr while 5% annual appreciation supports $94,488 over five years. Portfolio math shows five-year ROI at 164.29% and total cumulative return in cash at $186,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,626/mo property income against a $1,674/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
N/A lot
$N/A/sqft
$202 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Cyndi Dumontelle • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12418806
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