6949 E 1416 North RdFairmountIL61841
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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 Fairmount at 6949 E 1416 North Rd, Fairmount, IL, 61841 listed at $325,000 pairs $2,148/mo rent with a $1,591/mo payment. Total monthly income runs $2,148/mo. Return on cash invested measures 18.72% in year one, and rental yield registers 7.93% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 97.48% and total cumulative return in cash totals $105,025. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,148/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61841, Fairmount, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 592 (100%) |
| Owner Occupied HU | 452 (76.4%) |
| Renter Occupied HU | 80 (13.5%) |
| Vacant Housing Units | 60 (10.1%) |
| Median Home Value | $162,209 |
| Average Home Value | $179,934 |
Housing Distribution
Address Breakdown
Residential
431
Single Family
431
Multi-Family
0
Businesses
23
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