3031 Settlers Pkwy,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at 3031 Settlers Pkwy, Elgin, IL, 60124 generates $5,166/mo in rent and, after a $3,421/mo payment, leaves $318/mo in cash flow. Total monthly income is $5,166/mo, and annual cash flow is $3,814/yr on $229,971 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 8.87% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 113.5% and total cumulative return in cash sums $261,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,166/mo property income rather than buyer’s personal income.