883 Ravine CtElginIL60124
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.56 makes 883 Ravine Ct, Elgin, IL, 60124 in Elgin one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.43%. The 8.43% yield, 5% annual appreciation ($126,261 over five years), and $4,209/yr in principal reduction project a total cumulative return of $163,135.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.5% |
| Monthly Cash Flow | $(197) | $200 |
City averages based on Elgin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,211 |
| Total Monthly Debt Service | $3,226 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
8,276 sqft lot
$N/A/sqft
$207 monthly HOA
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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
Single Family
Built in 2006
8,276 sqft lot
$N/A/sqft
$207 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices