1102 Noelle LnCartervilleIL62918
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
Investment property for sale in Carterville at 1102 Noelle Ln, Carterville, IL, 62918 uses $87,516 cash to close to unlock $18,984/yr annual cash flow and $1,582/mo monthly cash flow. Total monthly income runs $3,413/mo, and a $1,292/mo payment keeps the spread at $1,582/mo. Purchase price stands at $264,000, and rental yield measures 15.51% with $3,413/mo rent. Return on cash invested shows 41.6% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 220.12% and total cumulative return in cash records $192,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,413/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Single Family
Built in 2015
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meghan Aloffo • Infinity Realty of Southern IL
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455061
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.