207 Oak StFairmountIL61841
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Fairmount rental at 207 Oak St, Fairmount, IL, 61841 sits in the solid-income band: 11.33% gross yield, $1,020/mo rent, $271/mo net after the $512/mo debt service, DSCR 1.99. Entry price of $108,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $29,838 and $905/yr in principal reduction bring total cumulative return to $56,734.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 7.5% |
| Monthly Cash Flow | $271 | $200 |
City averages based on Fairmount market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $732 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61841, Fairmount, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 592 (100%) |
| Owner Occupied HU | 452 (76.4%) |
| Renter Occupied HU | 80 (13.5%) |
| Vacant Housing Units | 60 (10.1%) |
| Median Home Value | $162,209 |
| Average Home Value | $179,934 |
Housing Distribution
Address Breakdown
Residential
431
Single Family
431
Multi-Family
0
Businesses
23
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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
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