424 Comstock RdSouth 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 424 Comstock Rd, South Elgin, IL, 60177 uses $112,707 cash to close to unlock $502/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,664/mo payment keeps the spread at $42/mo. Purchase price stands at $339,990, and rental yield measures 8.47% with $2,400/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $93,933 over five years. Five-year ROI reaches 106.21% and total cumulative return in cash records $119,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Townhouse
Built in 2026
1,250 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: Cheryl Bonk • Little Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12546700