Riverton Front Load Plan, Highland Woods,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at Riverton Front Load Plan, Highland Woods, Elgin, IL, 60124 priced at $484,990 converts $4,558/mo rent into $1,194/mo cash flow after a $2,374/mo obligation. Total monthly income equals $4,558/mo, and annual cash flow totals $14,326/yr on $160,774 invested. Return on cash invested prints 28.82% in year one, and rental yield reads 11.28% against a $484,990 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,994 by year five. Five-year ROI reaches 151.61% and total cumulative return in cash sums $243,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,558/mo property income covering a $2,374/mo payment, not borrower’s personal income.