523 N Fairgrounds WayElmwoodIL61529
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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 Elmwood at 523 N Fairgrounds Way, Elmwood, IL, 61529 uses $132,600 cash to close to unlock $1,864/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $2,930/mo, and a $1,958/mo payment keeps the spread at $155/mo. Purchase price stands at $400,000, and rental yield measures 8.79% with $2,930/mo rent. Return on cash invested shows 21.31% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 111.39% and total cumulative return in cash records $147,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,930/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61529, Elmwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,231 (100%) |
| Owner Occupied HU | 936 (76.0%) |
| Renter Occupied HU | 180 (14.6%) |
| Vacant Housing Units | 115 ( 9.3%) |
| Median Home Value | $200,773 |
| Average Home Value | $225,238 |
Housing Distribution
Address Breakdown
Residential
916
Single Family
916
Multi-Family
0
Businesses
68
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Listed by: Marilyn R Kohn • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255831
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.