118 Iris LnCarmiIL62821
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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
Investment property for sale in Carmi at 118 Iris Ln, Carmi, IL, 62821 listed at $239,000 pairs $1,595/mo rent with a $1,170/mo payment. Total monthly income runs $1,595/mo. Return on cash invested measures 18.96% in year one, and rental yield registers 8.01% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 98.77% and total cumulative return in cash totals $78,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,595/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62821, Carmi, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,267 (63.2%) |
| Renter Occupied HU | 796 (22.2%) |
| Vacant Housing Units | 522 (14.6%) |
| Median Home Value | $128,652 |
| Average Home Value | $178,788 |
Housing Distribution
Address Breakdown
Residential
3,209
Single Family
3,060
Multi-Family
149
Businesses
360
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