363 Paine StSouth 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
Rental property for sale in South Elgin at 363 Paine St, South Elgin, IL, 60177 priced at $421,500 pairs $3,889/mo rent with $817/mo cash flow after a $2,063/mo payment. Total monthly income equals $3,889/mo, and annual cash flow comes to $9,798/yr on $139,727 invested. Return on cash invested is 26.92% in year one, and rental yield stands at 11.07% on a $421,500 basis. Equity gained on principal adds $2,720/yr, and 5% annual appreciation accumulates to $116,453 by year five. Five-year ROI measures 141.9% and total cumulative return in cash reaches $198,274. For financing, Ziffy Mortgage’s DSCR program evaluates $3,889/mo property income against a $2,063/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
9,430 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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