107 E Center StFairfieldIL62837
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
Rental property for sale in Fairfield at 107 E Center St, Fairfield, IL, 62837 priced at $275,000 converts $1,697/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,697/mo. Return on cash invested prints 17.14% in year one, and rental yield reads 7.41% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 88.97% and total cumulative return in cash sums $81,107. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,697/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1904
10,454 sqft 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