324 Kingsport DrSouth 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 324 Kingsport Dr, South Elgin, IL, 60177 listed at $397,380 pairs $2,400/mo rent with a $1,945/mo payment. Total monthly income runs $2,400/mo. Return on cash invested measures 16.66% in year one, and rental yield registers 7.25% at a $397,380 basis. Equity gained on principal adds $2,564/yr, and annual property appreciation at 5% supports $109,789 by year five. Five-year ROI tracks 86.42% and total cumulative return in cash totals $113,841. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,945/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2025
1,250 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: Cheryl Bonk • Little Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12506934