231 E Shannon StElburnIL60119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Elburn at 231 E Shannon St, Elburn, IL, 60119 priced at $330,000 converts $2,313/mo rent into $24/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,313/mo, and annual cash flow totals $291/yr on $109,395 invested. Return on cash invested prints 20.17% in year one, and rental yield reads 8.41% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 105.27% and total cumulative return in cash sums $115,163. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,313/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1904
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60119, Elburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,456 (100%) |
| Owner Occupied HU | 3,839 (86.2%) |
| Renter Occupied HU | 488 (11.0%) |
| Vacant Housing Units | 129 ( 2.9%) |
| Median Home Value | $422,799 |
| Average Home Value | $452,768 |
Housing Distribution
Address Breakdown
Residential
4,069
Single Family
3,994
Multi-Family
75
Businesses
395
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices