1314 Fyre Lake DrSherrardIL61281
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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 1314 Fyre Lake Dr, Sherrard, IL, 61281 generates $0/mo in rent, after a $2,080/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -5.2% in year one, and rental yield is 0% on a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,392 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
1.38 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices