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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mount Carmel at 1114 Grenelefe St, Mount Carmel, IL, 62863 offers a 8.18% rental yield on a $229,900 purchase with $1,568/mo rent. 49% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 101.61% and total cumulative return in cash at $77,435. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,568/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 62863, Mount Carmel, IL area.
| 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 |
Residential
4,176
Single Family
3,915
Multi-Family
261
Businesses
389
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Listed for sale | $229,900 |
| 2004-11-04 | Sold | $168,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-02-14 | $3230.40 | 43.87% | $55,040 | 5.10% |
| 2021-02-14 | $2245.40 | 0.28% | $52,370 | 3.27% |
| 2020-02-14 | $2239.14 | -0.19% | $50,710 | 6.74% |
Listed by: Shawn Storckman • SARA STORCKMAN REALTY INC
Mls Name: My State MLS
Mls ID: #11418276
