8N594 S McLean BlvdSouth ElginIL60177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $4,226/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 7.25% with $4,226/mo rent. Return on cash invested shows 16.81% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 87.19% and total cumulative return in cash records $200,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,226/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 2013
2.01 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ron Ewing • RE/MAX Horizon
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12466047