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3006 N 60th St, Fairmont City, IL 62201 — $20,000 · 2bd · ~8.9% rule | OnePercent

3006 N 60th St, Fairmont City, IL 62201

$20,000

Home·Fairmont City 62201·3006 N 60th St, Fairmont City, IL 62201

Last confirmed 4 days ago

3006 N 60th St, Fairmont City, IL 62201

2 bd · 1 ba · 912 sqft · built 1965 · Fairmont City · SINGLE_FAMILY·source listing ↗

$20,000

rent, three ways

OnePercent model (vv1)$1,785/mo

wide honest range — HUD/comp anchors · $80–$1,785

HUD Fair Market Rent · 62201 · 2BR$990/mo

Area comps median (last 90d)—

Area comps median (last 90d)

\u2014

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

St. Clair

Flood risk indexRelatively Moderate FEMA NRI

Median household income$27,437

Median area rent$713/mo

Median home value$60,000

the verdict

8.92%⚠vs 1.0% target

Unverified — model rent disagrees with HUD/comps

financing: 20% down · — (FRED, live) · 30yr

$20,000

8.92% · unverified

Intrinsic value · income approach

$27,967

28% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.