Greenfield Plan, Highland Woods,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at Greenfield Plan, Highland Woods, Elgin, IL, 60124 offers $4,340/mo rent that, after a $2,232/mo payment, leaves $1,177/mo cash flow. Total monthly income is $4,340/mo, and annual cash flow is $14,124/yr on $151,161 cash. Return on cash invested measures 29.25% in year one, and rental yield stands at 11.42% at a $455,990 entry. Equity gained on principal adds $2,942/yr while 5% annual appreciation compounds into $125,982 by year five. Five-year ROI records 153.95% and total cumulative return in cash reaches $232,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,340/mo property income versus a $2,232/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.