9 Fairway CtAltonIL62002
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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 Alton at 9 Fairway Ct, Alton, IL, 62002 generates $1,139/mo in rent, after a $2,589/mo payment. Total monthly income is $1,139/mo. Return on cash invested sits at 2.62% in year one, and rental yield is 2.58% on a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 11.06% and total cumulative return in cash sums $19,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,139/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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