221 Heine Ave, Elgin, IL, 60123 | $2/mo Cash Flow

For Sale

Ziffy Mortgage

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

Investment property for sale in Elgin at 221 Heine Ave, Elgin, IL, 60123 at $249,900 posts ROI 19.93% with $2/mo cash flow from $1,735/mo rent. Total monthly income equals $1,735/mo, and annual cash flow records $21/yr on $82,842 to close. Return on cash invested measures 19.93% and rental yield reads 8.33% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 103.98% and total cumulative return in cash totals $86,138.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,735/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1960

6,969 sqft 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