403 N Fair StOlneyIL62450
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 Olney at 403 N Fair St, Olney, IL, 62450 offers $1,492/mo rent that, after a $998/mo payment, leaves $78/mo cash flow. Total monthly income is $1,492/mo, and annual cash flow is $930/yr on $67,626 cash. Return on cash invested measures 21.28% in year one, and rental yield stands at 8.78% at a $204,000 entry. Equity gained on principal adds $1,316/yr while 5% annual appreciation compounds into $56,361 by year five. Five-year ROI records 111.21% and total cumulative return in cash reaches $75,208. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,492/mo property income versus a $998/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices