422 Ryerson AveElginIL60123
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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 422 Ryerson Ave, Elgin, IL, 60123 listed at $258,900 pairs $3,600/mo rent with a $1,267/mo payment to leave $1,804/mo cash flow. Total monthly income runs $3,600/mo, and annual cash flow reaches $21,653/yr on $85,825 cash to close. Return on cash invested measures 45.14% in year one, and rental yield registers 16.69% at a $258,900 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,529 by year five. Five-year ROI tracks 239.13% and total cumulative return in cash totals $205,232. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $1,267/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,128 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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