13960 Meridian RdCartervilleIL62918
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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 13960 Meridian Rd, Carterville, IL, 62918 uses $89,174 cash to close to unlock $333/yr annual cash flow and $28/mo monthly cash flow. Total monthly income runs $1,894/mo, and a $1,317/mo payment keeps the spread at $28/mo. Purchase price stands at $269,000, and rental yield measures 8.45% with $1,894/mo rent. Return on cash invested shows 20.28% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 105.82% and total cumulative return in cash records $94,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,894/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 2008
5 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: BRENDA STRADDECK • C21 HOUSE OF REALTY, INC. CD
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460643