415 N Fair StOlneyIL62450
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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
Rental property for sale in Olney at 415 N Fair St, Olney, IL, 62450 priced at $189,900 converts $1,640/mo rent into $323/mo cash flow after a $929/mo obligation. Total monthly income equals $1,640/mo, and annual cash flow totals $3,879/yr on $62,952 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 10.36% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 136.91% and total cumulative return in cash sums $86,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,640/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,820 sqft 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
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