809 Terra Springs Way 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
Rental property for sale in Fairview Heights at 809 Terra Springs Way Dr, Fairview Heights, IL, 62208 priced at $340,000 converts $2,384/mo rent into $26/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,384/mo, and annual cash flow totals $310/yr on $112,710 invested. Return on cash invested prints 20.18% in year one, and rental yield reads 8.41% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 105.29% and total cumulative return in cash sums $118,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,384/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2007
9,147 sqft 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: Rebecca Hopkins • Re/Max Signature Properties
Mls Name: MARIS
Mls ID: #25053006