1348 County Road 1350 NCarmiIL62821
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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 1348 County Road 1350 N, Carmi, IL, 62821 earns $126/mo cash flow from $924/mo rent with a $563/mo payment. Total monthly income totals $924/mo, and annual cash flow totals $1,514/yr on $38,123 capital. ROI tracks 23.88% on current figures, and rental yield reads 9.64% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 125.21% and total cumulative return in cash sums $47,733. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $924/mo property income instead of your personal income.
Single Family
Built in 1999
1.59 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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