894 Laurel DrElwoodIL60421
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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 Elwood at 894 Laurel Dr, Elwood, IL, 60421 with 5% annual appreciation on a $251,600 basis while $1,920/mo rent supports operations. Total monthly income totals $1,920/mo and a $1,231/mo payment preserves $115/mo for cash returns. Annual cash flow comes to $1,374/yr on $83,405 deployed, and return on cash invested reaches 21.56% in year one. Equity gained on principal adds $1,624/yr, and five-year appreciation sums $69,512 alongside rental yield of 9.16%. Five-year ROI measures 113% and total cumulative return in cash totals $94,244.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $1,231/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60421, Elwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,611 (100%) |
| Owner Occupied HU | 1,400 (86.9%) |
| Renter Occupied HU | 164 (10.2%) |
| Vacant Housing Units | 47 ( 2.9%) |
| Median Home Value | $287,189 |
| Average Home Value | $336,330 |
Housing Distribution
Address Breakdown
Residential
1,426
Single Family
1,426
Multi-Family
0
Businesses
87
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