408 S Main StFairmountIL61841
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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 Fairmount at 408 S Main St, Fairmount, IL, 61841 with 5% annual appreciation on a $295,000 basis while $1,020/mo rent supports operations. 32% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 4.15%. Five-year ROI measures 36.3% and total cumulative return in cash totals $35,498. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,020/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.72 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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