3321 Fairway DrHighlandIL62249
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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 Highland at 3321 Fairway Dr, Highland, IL, 62249 listed at $775,000 pairs $7,934/mo rent with a $3,793/mo payment to leave $2,521/mo cash flow. Total monthly income runs $7,934/mo, and annual cash flow reaches $30,254/yr on $254,975 cash to close. Return on cash invested measures 31.93% in year one, and rental yield registers 12.28% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 168.31% and total cumulative return in cash totals $429,151. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,934/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
2.12 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62249, Highland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,148 (100%) |
| Owner Occupied HU | 5,271 (73.7%) |
| Renter Occupied HU | 1,472 (20.6%) |
| Vacant Housing Units | 405 ( 5.7%) |
| Median Home Value | $264,878 |
| Average Home Value | $300,071 |
Housing Distribution
Address Breakdown
Residential
6,867
Single Family
6,539
Multi-Family
328
Businesses
511
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Listed by: Diane M Korte-Lindsey • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #24036845
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