1002 County Road 1850 EFairfieldIL62837
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fairfield at 1002 County Road 1850 E, Fairfield, IL, 62837 uses $39,780 cash to close to unlock $1,464/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $954/mo, and a $587/mo payment keeps the spread at $122/mo. Purchase price stands at $120,000, and rental yield measures 9.54% with $954/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 123.55% and total cumulative return in cash records $49,147. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62837, Fairfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,035 (100%) |
| Owner Occupied HU | 2,647 (65.6%) |
| Renter Occupied HU | 842 (20.9%) |
| Vacant Housing Units | 546 (13.5%) |
| Median Home Value | $121,141 |
| Average Home Value | $165,764 |
Housing Distribution
Address Breakdown
Residential
3,884
Single Family
3,623
Multi-Family
261
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices