1226 N Cherry StMount CarmelIL62863
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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 Mount Carmel at 1226 N Cherry St, Mount Carmel, IL, 62863 listed at $128,000 pairs $1,258/mo rent with a $627/mo payment to leave $371/mo cash flow. Total monthly income runs $1,258/mo, and annual cash flow reaches $4,448/yr on $42,432 cash to close. Return on cash invested measures 30.39% in year one, and rental yield registers 11.79% at a $128,000 basis. Equity gained on principal adds $826/yr, and annual property appreciation at 5% supports $35,364 by year five. Five-year ROI tracks 160.09% and total cumulative return in cash totals $67,931. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,258/mo property income relative to a $627/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
9,677 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62863, Mount Carmel, IL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,176
Single Family
3,915
Multi-Family
261
Businesses
389
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Listed by: Amy Pettyjohn • SARA STORCKMAN REALTY INC
Mls Name: NY State MLS
Mls ID: #11548809