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

Investment Highlights

Investment property for sale in Elgin at Riverton Plan, Summergate at Highland Woods, Elgin, IL, 60124 offers a 16.95% rental yield on a $480,990 purchase with $6,794/mo rent. Total monthly income registers $6,794/mo, and a $2,354/mo payment leaves $3,458/mo available for distribution. Annual cash flow reaches $41,496/yr on $159,448 to close, and return on cash invested stands at 45.93% in year one. Equity gained on principal adds $3,104/yr while 5% annual appreciation supports $132,889 over five years. Portfolio math shows five-year ROI at 243.37% and total cumulative return in cash at $388,047. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,794/mo property income against a $2,354/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.