Auburn Plan, Waterford : Hartford Series,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at Auburn Plan, Waterford: Hartford Series, Elgin, IL, 60124 offers $4,180/mo rent that, after a $2,829/mo payment, leaves $171/mo cash flow. Total monthly income is $4,180/mo, and annual cash flow is $2,051/yr on $190,159 cash. Return on cash invested measures 21.14% in year one, and rental yield stands at 8.68% at a $577,990 entry. Equity gained on principal adds $3,730/yr while 5% annual appreciation compounds into $159,688 by year five. Five-year ROI records 110.38% and total cumulative return in cash reaches $209,905. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,180/mo property income versus a $2,829/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.