508 Endicott 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
Rental property for sale in South Elgin at 508 Endicott Rd, South Elgin, IL, 60177 offers $2,682/mo rent that, after a $2,590/mo payment. Total monthly income is $2,682/mo. Return on cash invested measures 13.25% in year one, and rental yield stands at 6.08% at a $529,180 entry. Equity gained on principal adds $3,415/yr while 5% annual appreciation compounds into $146,203 by year five. Five-year ROI records 68.09% and total cumulative return in cash reaches $118,537. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,682/mo property income versus a $2,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,552 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: Linda Little, CNC,CSC,E-PRO,RSPS,SFR,SRES • Little Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12453599