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

Investment Highlights

Rental property for sale in Elgin at Hilltop Plan, Summergate at Highland Woods, Elgin, IL, 60124 priced at $466,990 converts $6,408/mo rent into $3,169/mo cash flow after a $2,286/mo obligation. Total monthly income equals $6,408/mo, and annual cash flow totals $38,023/yr on $154,807 invested. Return on cash invested prints 44.47% in year one, and rental yield reads 16.47% against a $466,990 entry. Equity gained on principal adds $3,013/yr, while 5% annual appreciation compiles into $129,021 by year five. Five-year ROI reaches 235.53% and total cumulative return in cash sums $364,620. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,408/mo property income covering a $2,286/mo payment, not borrower’s personal income.