659 Glenwood 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 659 Glenwood Dr, South Elgin, IL, 60177 at $700,000 posts ROI 12.24% with from $3,354/mo rent. Total monthly income equals $3,354/mo. Return on cash invested measures 12.24% and rental yield reads 5.75% at the current $700,000. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 by year five. Five-year ROI prints 62.66% and total cumulative return in cash totals $144,304. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,354/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
10,410 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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Nearby investment properties with comparable prices
Listed by: Dawn Recchia, CNC,SFR • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12471610