Greenfield Plan, Summergate at Highland Woods,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at Greenfield Plan, Summergate at Highland Woods, Elgin, IL, 60124 priced at $453,990 converts $6,254/mo rent into $3,105/mo cash flow after a $2,222/mo obligation. Total monthly income equals $6,254/mo, and annual cash flow totals $37,261/yr on $150,498 invested. Return on cash invested prints 44.67% in year one, and rental yield reads 16.53% against a $453,990 entry. Equity gained on principal adds $2,930/yr, while 5% annual appreciation compiles into $125,429 by year five. Five-year ROI reaches 236.61% and total cumulative return in cash sums $356,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,254/mo property income covering a $2,222/mo payment, not borrower’s personal income.