COVENTRY Plan, Highland Woods,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at COVENTRY Plan, Highland Woods, Elgin, IL, 60124 generates $4,777/mo in rent and, after a $2,535/mo payment, leaves $1,184/mo in cash flow. Total monthly income is $4,777/mo, and annual cash flow is $14,213/yr on $170,419 invested. Return on cash invested sits at 28.4% in year one, and rental yield is 11.07% on a $517,990 entry. Equity gained on principal adds $3,343/yr, while 5% annual appreciation builds toward $143,111 over five years. Five-year ROI reaches 149.34% and total cumulative return in cash sums $254,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,777/mo property income rather than buyer’s personal income.