Westchester Plan, Highland Woods,Elgin,IL,60124

Investment Highlights

Rental property for sale in Elgin at Westchester Plan, Highland Woods, Elgin, IL, 60124 priced at $489,990 pairs $4,625/mo rent with $1,227/mo cash flow after a $2,398/mo payment. Total monthly income equals $4,625/mo, and annual cash flow comes to $14,719/yr on $162,432 invested. Return on cash invested is 28.97% in year one, and rental yield stands at 11.33% on a $489,990 basis. Equity gained on principal adds $3,162/yr, and 5% annual appreciation accumulates to $135,375 by year five. Five-year ROI measures 152.41% and total cumulative return in cash reaches $247,569. For financing, Ziffy Mortgage’s DSCR program evaluates $4,625/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.