103 Chestnut 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
Rental property for sale in Mount Carmel at 103 Chestnut St, Mount Carmel, IL, 62863 priced at $158,700 converts $1,960/mo rent into $859/mo cash flow after a $777/mo obligation. Total monthly income equals $1,960/mo, and annual cash flow totals $10,308/yr on $52,609 invested. Return on cash invested prints 39.5% in year one, and rental yield reads 14.82% against a $158,700 entry. Equity gained on principal adds $1,024/yr, while 5% annual appreciation compiles into $43,846 by year five. Five-year ROI reaches 208.89% and total cumulative return in cash sums $109,897. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,960/mo property income covering a $777/mo payment, not borrower’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: 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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Nearby investment properties with comparable prices
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