8 Hermitage DrFairview heightsIL62208
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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 Fairview heights at 8 Hermitage Dr, Fairview heights, IL, 62208 with 5% annual appreciation on a $149,900 basis while $1,164/mo rent supports operations. Total monthly income totals $1,164/mo and a $734/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,487/yr on $49,692 deployed, and return on cash invested reaches 22.9% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.32%. Five-year ROI measures 119.9% and total cumulative return in cash totals $59,579.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,164/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62208, Fairview Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,347 (100%) |
| Owner Occupied HU | 5,252 (62.9%) |
| Renter Occupied HU | 2,226 (26.7%) |
| Vacant Housing Units | 869 (10.4%) |
| Median Home Value | $185,723 |
| Average Home Value | $201,366 |
Housing Distribution
Address Breakdown
Residential
7,320
Single Family
6,782
Multi-Family
538
Businesses
859
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Listed by: Barry Schulhofer • Strano & Associates
Mls Name: MARIS
Mls ID: #25062250