216 Joseph DrFairview HeightsIL62208
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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 Fairview Heights at 216 Joseph Dr, Fairview Heights, IL, 62208 with 5% annual appreciation on a $245,000 basis while $2,122/mo rent supports operations. Total monthly income totals $2,122/mo and a $1,199/mo payment preserves $423/mo for cash returns. Annual cash flow comes to $5,073/yr on $81,218 deployed, and return on cash invested reaches 26.16% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 10.39%. Five-year ROI measures 137.32% and total cumulative return in cash totals $111,528.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,122/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
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
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Listed by: Michael Abernathy • MORE, REALTORS
Mls Name: MARIS
Mls ID: #25064392