1016 Fairway LnSherrardIL61281
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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
Rental property for sale in Sherrard at 1016 Fairway Ln, Sherrard, IL, 61281 priced at $389,000 converts $3,974/mo rent into $1,192/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,974/mo, and annual cash flow totals $14,310/yr on $128,954 invested. Return on cash invested prints 31.01% in year one, and rental yield reads 12.26% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 163.62% and total cumulative return in cash sums $210,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,974/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2010
0.31 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61281, Sherrard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 951 (83.1%) |
| Renter Occupied HU | 98 ( 8.6%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $222,949 |
| Average Home Value | $233,906 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
908
Multi-Family
0
Businesses
38
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Listed by: Cindy B • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255854
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