2891 Killarny Dr,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at 2891 Killarny Dr, Elgin, IL, 60124 offers $4,697/mo rent that, after a $3,035/mo payment, leaves $396/mo cash flow. Total monthly income is $4,697/mo, and annual cash flow is $4,754/yr on $203,980 cash. Return on cash invested measures 22.39% in year one, and rental yield stands at 9.09% at a $620,000 entry. Equity gained on principal adds $4,001/yr while 5% annual appreciation compounds into $171,295 by year five. Five-year ROI records 117.12% and total cumulative return in cash reaches $238,911. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,697/mo property income versus a $3,035/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.