120 E Main StFairfieldIL62837
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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 Fairfield at 120 E Main St, Fairfield, IL, 62837 offers $564/mo rent that, after a $832/mo payment. Total monthly income is $564/mo. Return on cash invested measures 6.81% in year one, and rental yield stands at 3.98% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 33.57% and total cumulative return in cash reaches $18,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $564/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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
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