474 Addison StElginIL60120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 474 Addison St, Elgin, IL, 60120 at $295,000 posts ROI 23.07% with $258/mo cash flow from $2,304/mo rent. Total monthly income equals $2,304/mo, and annual cash flow records $3,092/yr on $97,793 to close. Return on cash invested measures 23.07% and rental yield reads 9.37% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 120.78% and total cumulative return in cash totals $118,118.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,304/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60120, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,592 (100%) |
| Owner Occupied HU | 11,032 (62.7%) |
| Renter Occupied HU | 5,766 (32.8%) |
| Vacant Housing Units | 794 ( 4.5%) |
| Median Home Value | $261,990 |
| Average Home Value | $302,997 |
Housing Distribution
Address Breakdown
Residential
16,297
Single Family
14,448
Multi-Family
1,849
Businesses
905
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Nearby investment properties with comparable prices
Listed by: Ryan Arnstein • Charles Rutenberg Realty of IL
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #11910250
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)