522 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 522 Lowell Dr, South Elgin, IL, 60177 offers a 10.23% rental yield on a $284,900 purchase with $2,429/mo rent. Total monthly income registers $2,429/mo, and a $1,394/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,440/yr on $94,444 to close, and return on cash invested stands at 25.67% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 134.73% and total cumulative return in cash at $127,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,429/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Pamela Gilmore, ABR,CRS,GRI,SFR • GilMore Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12528017