131 W 3rd 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 131 W 3rd St, Mount Carmel, IL, 62863 offers a 14.5% rental yield on a $274,000 purchase with $3,311/mo rent. Total monthly income registers $3,311/mo, and a $1,341/mo payment leaves $1,411/mo available for distribution. Annual cash flow reaches $16,927/yr on $90,831 to close, and return on cash invested stands at 38.54% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 203.77% and total cumulative return in cash at $185,085. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,311/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
0.33 Acres 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: Cecil Downing • DHI Realty Inc
Mls Name: IRMLS
Mls ID: #202535658