387 S Pointe AveSouth 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
Investment property for sale in South Elgin at 387 S Pointe Ave, South Elgin, IL, 60177 with 5% annual appreciation on a $625,000 basis while $4,489/mo rent supports operations. Total monthly income totals $4,489/mo and a $3,059/mo payment preserves $154/mo for cash returns. Annual cash flow comes to $1,847/yr on $205,625 deployed, and return on cash invested reaches 20.96% in year one. Equity gained on principal adds $4,033/yr, and five-year appreciation sums $172,676 alongside rental yield of 8.62%. Five-year ROI measures 109.42% and total cumulative return in cash totals $224,989.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,489/mo property income versus a $3,059/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
7,984 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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Listed by: Lisa Schutz • Baird & Warner Fox Valley - Geneva
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12453889