310 W Southgate DrElmwoodIL61529
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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
Rental property for sale in Elmwood at 310 W Southgate Dr, Elmwood, IL, 61529 priced at $384,000 converts $2,461/mo rent into after a $1,879/mo obligation. Total monthly income equals $2,461/mo. Return on cash invested prints 17.66% in year one, and rental yield reads 7.69% against a $384,000 entry. Equity gained on principal adds $2,478/yr, while 5% annual appreciation compiles into $106,092 by year five. Five-year ROI reaches 91.9% and total cumulative return in cash sums $116,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,461/mo property income covering a $1,879/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61529, Elmwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,231 (100%) |
| Owner Occupied HU | 936 (76.0%) |
| Renter Occupied HU | 180 (14.6%) |
| Vacant Housing Units | 115 ( 9.3%) |
| Median Home Value | $200,773 |
| Average Home Value | $225,238 |
Housing Distribution
Address Breakdown
Residential
916
Single Family
916
Multi-Family
0
Businesses
68
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Listed by: Eileen A Huber • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257091
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.