582 Fairway DrEl PasoIL61738
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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 El Paso at 582 Fairway Dr, El Paso, IL, 61738 priced at $379,900 converts $2,820/mo rent into $185/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,820/mo, and annual cash flow totals $2,224/yr on $125,937 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 8.91% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 113.32% and total cumulative return in cash sums $142,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,820/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61738, El Paso, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,690 (100%) |
| Owner Occupied HU | 1,261 (74.6%) |
| Renter Occupied HU | 328 (19.4%) |
| Vacant Housing Units | 101 ( 6.0%) |
| Median Home Value | $180,494 |
| Average Home Value | $224,138 |
Housing Distribution
Address Breakdown
Residential
1,685
Single Family
1,664
Multi-Family
21
Businesses
148
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