402 Orange StElginIL60123
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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 Elgin at 402 Orange St, Elgin, IL, 60123 uses $89,505 cash to close to unlock $693/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $1,931/mo, and a $1,322/mo payment keeps the spread at $58/mo. Purchase price stands at $270,000, and rental yield measures 8.58% with $1,931/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 108% and total cumulative return in cash records $96,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,931/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60123, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,172 (100%) |
| Owner Occupied HU | 11,272 (62.0%) |
| Renter Occupied HU | 6,153 (33.9%) |
| Vacant Housing Units | 747 ( 4.1%) |
| Median Home Value | $269,733 |
| Average Home Value | $313,397 |
Housing Distribution
Address Breakdown
Residential
17,284
Single Family
13,804
Multi-Family
3,480
Businesses
1,463
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