38W530 Hopps Rd, Elgin, IL, 60124 | $89/mo Cash Flow

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 38W530 Hopps Rd, Elgin, IL, 60124 offers a 8.58% rental yield on a $409,900 purchase with $2,932/mo rent. Total monthly income registers $2,932/mo, and a $2,006/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,069/yr on $135,882 to close, and return on cash invested stands at 20.7% in year one. Equity gained on principal adds $2,645/yr while 5% annual appreciation supports $113,248 over five years. Portfolio math shows five-year ROI at 108.08% and total cumulative return in cash at $146,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,932/mo property income against a $2,006/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1978

N/A lot

$N/A/sqft

No HOA