890 Reserve CtSouth 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 890 Reserve Ct, South Elgin, IL, 60177 offers $3,354/mo rent that, after a $3,989/mo payment. Total monthly income is $3,354/mo. Return on cash invested measures 9.77% in year one, and rental yield stands at 4.94% at a $815,000 entry. Equity gained on principal adds $5,259/yr while 5% annual appreciation compounds into $225,169 by year five. Five-year ROI records 49.45% and total cumulative return in cash reaches $132,589. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,354/mo property income versus a $3,989/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.42 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: Carrie Ramljak Ralls • Berkshire Hathaway HomeServices American Heritage
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12543022