363 Orchard St, Elgin, IL, 60123 | 8.08% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elgin at 363 Orchard St, Elgin, IL, 60123 earns from $1,952/mo rent with a $1,419/mo payment. Total monthly income totals $1,952/mo. ROI tracks 19.17% on current figures, and rental yield reads 8.08% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 99.92% and total cumulative return in cash sums $96,021. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,952/mo property income instead of your personal income.

Single Family

Built in 1931

0.25 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 60123, Elgin, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,172 (100%)
Owner Occupied HU	11,272 (62.0%)
Renter Occupied HU	6,153 (33.9%)
Vacant Housing Units	747 ( 4.1%)
Median Home Value	$269,733
Average Home Value	$313,397