609 NE 4th 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
Investment property for sale in Fairfield at 609 NE 4th St, Fairfield, IL, 62837 uses $74,919 cash to close to unlock $3,499/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $1,859/mo, and a $1,106/mo payment keeps the spread at $292/mo. Purchase price stands at $226,000, and rental yield measures 9.87% with $1,859/mo rent. Return on cash invested shows 24.58% in year one, and 5% annual appreciation builds toward $62,440 over five years. Five-year ROI reaches 128.87% and total cumulative return in cash records $96,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $1,106/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.61 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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