552 Waters Edge 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
Rental property for sale in South Elgin at 552 Waters Edge Dr, South Elgin, IL, 60177 priced at $749,000 converts $4,270/mo rent into after a $3,666/mo obligation. Total monthly income equals $4,270/mo. Return on cash invested prints 15.55% in year one, and rental yield reads 6.84% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 80.44% and total cumulative return in cash sums $198,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,270/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.27 Acres 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: Mitchell Cohen • Cove Realty Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12452469