Riverton Plan, Highland Woods,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at Riverton Plan, Highland Woods, Elgin, IL, 60124 generates $4,674/mo in rent and, after a $2,364/mo payment, leaves $1,324/mo in cash flow. Total monthly income is $4,674/mo, and annual cash flow is $15,887/yr on $160,111 invested. Return on cash invested sits at 29.83% in year one, and rental yield is 11.61% on a $482,990 entry. Equity gained on principal adds $3,117/yr, while 5% annual appreciation builds toward $133,441 over five years. Five-year ROI reaches 157.03% and total cumulative return in cash sums $251,419. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,674/mo property income rather than buyer’s personal income.