1018 N Pear StMount CarmelIL62863
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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 Mount Carmel at 1018 N Pear St, Mount Carmel, IL, 62863 listed at $139,900 pairs $1,069/mo rent with a $685/mo payment to leave $98/mo cash flow. Total monthly income runs $1,069/mo, and annual cash flow reaches $1,180/yr on $46,377 cash to close. Return on cash invested measures 22.45% in year one, and rental yield registers 9.17% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 117.53% and total cumulative return in cash totals $54,507. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,069/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
3,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62863, Mount Carmel, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,831 (100%) |
| Owner Occupied HU | 3,008 (62.3%) |
| Renter Occupied HU | 1,089 (22.5%) |
| Vacant Housing Units | 734 (15.2%) |
| Median Home Value | $120,496 |
| Average Home Value | $150,103 |
Housing Distribution
Address Breakdown
Residential
4,176
Single Family
3,915
Multi-Family
261
Businesses
389
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Listed by: Amy Pettyjohn • SARA STORCKMAN REALTY INC
Mls Name: NY State MLS
Mls ID: #11634647