505 E Court StFairfieldIL62837
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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 Fairfield at 505 E Court St, Fairfield, IL, 62837 offers $998/mo rent that, after a $612/mo payment, leaves $131/mo cash flow. Total monthly income is $998/mo, and annual cash flow is $1,569/yr on $41,438 cash. Return on cash invested measures 23.7% in year one, and rental yield stands at 9.58% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 124.16% and total cumulative return in cash reaches $51,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $998/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62837, Fairfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,035 (100%) |
| Owner Occupied HU | 2,647 (65.6%) |
| Renter Occupied HU | 842 (20.9%) |
| Vacant Housing Units | 546 (13.5%) |
| Median Home Value | $121,141 |
| Average Home Value | $165,764 |
Housing Distribution
Address Breakdown
Residential
3,884
Single Family
3,623
Multi-Family
261
Businesses
426
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