801 N McLean Blvd APT 132ElginIL60123
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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 Elgin at 801 N McLean Blvd APT 132, Elgin, IL, 60123 uses $36,465 cash to close to unlock $1,193/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $862/mo, and a $538/mo payment keeps the spread at $99/mo. Purchase price stands at $110,000, and rental yield measures 9.4% with $862/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 121.43% and total cumulative return in cash records $44,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $862/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60123, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,172 (100%) |
| Owner Occupied HU | 11,272 (62.0%) |
| Renter Occupied HU | 6,153 (33.9%) |
| Vacant Housing Units | 747 ( 4.1%) |
| Median Home Value | $269,733 |
| Average Home Value | $313,397 |
Housing Distribution
Address Breakdown
Residential
17,284
Single Family
13,804
Multi-Family
3,480
Businesses
1,463
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