3116 Kyra Ln UNIT 3116ElginIL60124
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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 Elgin at 3116 Kyra Ln UNIT 3116, Elgin, IL, 60124 earns $306/mo cash flow from $3,214/mo rent with a $1,865/mo payment. Total monthly income totals $3,214/mo, and annual cash flow totals $3,671/yr on $126,337 capital. ROI tracks 22.81% on current figures, and rental yield reads 10.12% at a $381,108 purchase. Equity gained on principal adds $2,459/yr, and 5% annual appreciation supports $105,293 over five years. Five-year ROI reaches 120.3% and total cumulative return in cash sums $151,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,214/mo property income instead of your personal income.
Multi Family
Built in 2005
7,704 sqft lot
$N/A/sqft
$265 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Katie Fish • Keller Williams Inspire - Geneva
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12368850
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)