330 Buckingham Cir APT CElginIL60120
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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 330 Buckingham Cir APT C, Elgin, IL, 60120 uses $79,527 cash to close to unlock $2,978/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,912/mo, and a $1,174/mo payment keeps the spread at $248/mo. Purchase price stands at $239,900, and rental yield measures 9.56% with $1,912/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 123.95% and total cumulative return in cash records $98,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,912/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60120, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,592 (100%) |
| Owner Occupied HU | 11,032 (62.7%) |
| Renter Occupied HU | 5,766 (32.8%) |
| Vacant Housing Units | 794 ( 4.5%) |
| Median Home Value | $261,990 |
| Average Home Value | $302,997 |
Housing Distribution
Address Breakdown
Residential
16,297
Single Family
14,448
Multi-Family
1,849
Businesses
905
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