512 Lowell DrSouth 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 512 Lowell Dr, South Elgin, IL, 60177 uses $86,190 cash to close to unlock $7,154/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,273/mo payment keeps the spread at $596/mo. Purchase price stands at $260,000, and rental yield measures 11.08% with $2,400/mo rent. Return on cash invested shows 28.21% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 148.38% and total cumulative return in cash records $127,889. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
N/A 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: Cindy Kostrzeski, ABR,e-PRO,GREEN • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12531783