1307 Charles AveCartervilleIL62918
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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 Carterville at 1307 Charles Ave, Carterville, IL, 62918 uses $66,267 cash to close to unlock $1,678/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $978/mo payment keeps the spread at $140/mo. Purchase price stands at $199,900, and rental yield measures 9.16% with $1,526/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 117.4% and total cumulative return in cash records $77,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 1944
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62918, Carterville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,419 (60.6%) |
| Renter Occupied HU | 1,625 (28.8%) |
| Vacant Housing Units | 595 (10.6%) |
| Median Home Value | $198,214 |
| Average Home Value | $228,587 |
Housing Distribution
Address Breakdown
Residential
4,711
Single Family
4,687
Multi-Family
24
Businesses
290
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Listed by: Michelle Bennett • RIVER 2 RIVER REALTY, INC.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460237