1005 Ivey LnCartervilleIL62918
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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 Carterville at 1005 Ivey Ln, Carterville, IL, 62918 uses $75,549 cash to close to unlock $3,128/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $1,841/mo, and a $1,115/mo payment keeps the spread at $261/mo. Purchase price stands at $227,900, and rental yield measures 9.69% with $1,841/mo rent. Return on cash invested shows 24.05% in year one, and 5% annual appreciation builds toward $62,965 over five years. Five-year ROI reaches 126.03% and total cumulative return in cash records $95,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,841/mo property income covering a $1,115/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62918, Carterville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,419 (60.6%) |
| Renter Occupied HU | 1,625 (28.8%) |
| Vacant Housing Units | 595 (10.6%) |
| Median Home Value | $198,214 |
| Average Home Value | $228,587 |
Housing Distribution
Address Breakdown
Residential
4,711
Single Family
4,687
Multi-Family
24
Businesses
290
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Listed by: Daniel J Harshbarger • KELLER WILLIAMS PINNACLE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457509
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.