356-358 N Spring StElginIL60120
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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
Total monthly income runs $2,280/mo, and a $1,906/mo payment. Purchase price stands at $389,500, and rental yield measures 7.02% with $2,280/mo rent. Return on cash invested shows 15.99% in year one, and 5% annual appreciation builds toward $107,612 over five years. Five-year ROI reaches 82.82% and total cumulative return in cash records $106,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,906/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
7,470 sqft 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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