386 Campus DrElginIL60120
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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 Elgin at 386 Campus Dr, Elgin, IL, 60120 priced at $299,000 converts $2,482/mo rent into $409/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,482/mo, and annual cash flow totals $4,902/yr on $99,119 invested. Return on cash invested prints 24.86% in year one, and rental yield reads 9.96% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 130.36% and total cumulative return in cash sums $129,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,482/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Multi Family
Built in 1985
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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