16530 E Fairfield RdMount VernonIL62864
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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
Investment property for sale in Mount Vernon at 16530 E Fairfield Rd, Mount Vernon, IL, 62864 earns $743/mo cash flow from $2,612/mo rent with a $1,319/mo payment. Total monthly income totals $2,612/mo, and annual cash flow totals $8,913/yr on $89,339 capital. ROI tracks 29.89% on current figures, and rental yield reads 11.63% at a $269,500 purchase. Equity gained on principal adds $1,739/yr, and 5% annual appreciation supports $74,458 over five years. Five-year ROI reaches 157.32% and total cumulative return in cash sums $140,544. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,612/mo property income instead of your personal income.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62864, Mount Vernon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 6,771 (60.8%) |
| Renter Occupied HU | 3,058 (27.5%) |
| Vacant Housing Units | 1,305 (11.7%) |
| Median Home Value | $132,704 |
| Average Home Value | $163,466 |
Housing Distribution
Address Breakdown
Residential
10,370
Single Family
9,654
Multi-Family
716
Businesses
1,259
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Listed by: Lisa D McKinney • C21 All Pro Real Estate
Mls Name: RMLS Alliance
Mls ID: #EB459128