1140 E Main StCarlinvilleIL62626
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 Carlinville at 1140 E Main St, Carlinville, IL, 62626 offers a 9.31% rental yield on a $135,000 purchase with $1,047/mo rent. Total monthly income registers $1,047/mo, and a $661/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,324/yr on $44,753 to close, and return on cash invested stands at 22.87% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 119.78% and total cumulative return in cash at $53,605. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,047/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Henrichs • GOODMAN AGENCY INC
Mls Name: My State MLS
Mls ID: #11513039