111 Lakeview DrCarlinvilleIL62626
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 Carlinville at 111 Lakeview Dr, Carlinville, IL, 62626 offers $2,096/mo rent that, after a $636/mo payment, leaves $1,195/mo cash flow. Total monthly income is $2,096/mo, and annual cash flow is $14,337/yr on $43,062 cash. Return on cash invested measures 53.2% in year one, and rental yield stands at 19.36% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 282.36% and total cumulative return in cash reaches $121,591. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,096/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62626, Carlinville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,593 (100%) |
| Owner Occupied HU | 2,272 (63.2%) |
| Renter Occupied HU | 969 (27.0%) |
| Vacant Housing Units | 352 ( 9.8%) |
| Median Home Value | $137,815 |
| Average Home Value | $176,401 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,164
Multi-Family
153
Businesses
372
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Listed by: Roger Goodman • GOODMAN AGENCY INC
Mls Name: My State MLS
Mls ID: #11329580