142 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 142 Fyre Lake Dr, Sherrard, IL, 61281 priced at $330,000 converts $3,250/mo rent into $890/mo cash flow after a $1,615/mo obligation. Total monthly income equals $3,250/mo, and annual cash flow totals $10,685/yr on $109,395 invested. Return on cash invested prints 29.68% in year one, and rental yield reads 11.82% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 156.49% and total cumulative return in cash sums $171,191. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,250/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
$850 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: Molly Smith • Ruhl&Ruhl REALTORS Muscatine
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4254072
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.