275 Quarry StSouth ElginIL60177
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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 South Elgin at 275 Quarry St, South Elgin, IL, 60177 earns $579/mo cash flow from $2,244/mo rent with a $1,175/mo payment. Total monthly income totals $2,244/mo, and annual cash flow totals $6,948/yr on $79,560 capital. ROI tracks 28.64% on current figures, and rental yield reads 11.22% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 150.65% and total cumulative return in cash sums $119,858. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,244/mo property income instead of your personal income.
Single Family
Built in 1961
3,696 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60177, South Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,125 (100%) |
| Owner Occupied HU | 7,325 (80.3%) |
| Renter Occupied HU | 1,441 (15.8%) |
| Vacant Housing Units | 359 ( 3.9%) |
| Median Home Value | $350,347 |
| Average Home Value | $380,650 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,388
Multi-Family
808
Businesses
633
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Listed by: Ramadan Adili • Inspire Realty Group LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12476380