102 Iris LnCarmiIL62821
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carmi at 102 Iris Ln, Carmi, IL, 62821 generates $1,694/mo in rent and, after a $583/mo payment, leaves $868/mo in cash flow. Total monthly income is $1,694/mo, and annual cash flow is $10,413/yr on $39,496 invested. Return on cash invested sits at 46.27% in year one, and rental yield is 17.06% on a $119,142 entry. Equity gained on principal adds $769/yr, while 5% annual appreciation builds toward $32,917 over five years. Five-year ROI reaches 245.23% and total cumulative return in cash sums $96,854. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,694/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62821, Carmi, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,267 (63.2%) |
| Renter Occupied HU | 796 (22.2%) |
| Vacant Housing Units | 522 (14.6%) |
| Median Home Value | $128,652 |
| Average Home Value | $178,788 |
Housing Distribution
Address Breakdown
Residential
3,209
Single Family
3,060
Multi-Family
149
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices