213 E Lexington DrFairview HeightsIL62208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fairview Heights at 213 E Lexington Dr, Fairview Heights, IL, 62208 priced at $219,900 converts $2,113/mo rent into $588/mo cash flow after a $1,076/mo obligation. Total monthly income equals $2,113/mo, and annual cash flow totals $7,056/yr on $72,897 invested. Return on cash invested prints 29.59% in year one, and rental yield reads 11.53% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 155.8% and total cumulative return in cash sums $113,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,113/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62208, Fairview Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,347 (100%) |
| Owner Occupied HU | 5,252 (62.9%) |
| Renter Occupied HU | 2,226 (26.7%) |
| Vacant Housing Units | 869 (10.4%) |
| Median Home Value | $185,723 |
| Average Home Value | $201,366 |
Housing Distribution
Address Breakdown
Residential
7,320
Single Family
6,782
Multi-Family
538
Businesses
859
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cari Brunner • RE/MAX Preferred
Mls Name: MARIS
Mls ID: #25081526