400 S Collins 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 400 S Collins St, South Elgin, IL, 60177 generates $3,354/mo in rent and, after a $1,713/mo payment, leaves $926/mo in cash flow. Total monthly income is $3,354/mo, and annual cash flow is $11,117/yr on $116,025 invested. Return on cash invested sits at 29.49% in year one, and rental yield is 11.5% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 155.22% and total cumulative return in cash sums $180,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,354/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.25 Acres 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: Amy Foote, ABR,GRI,SFR • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12515605