140 Cherry Hill DrMount 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 140 Cherry Hill Dr, Mount Carmel, IL, 62863 offers a 15.44% rental yield on a $188,900 purchase with $2,431/mo rent. Total monthly income registers $2,431/mo, and a $925/mo payment leaves $1,120/mo available for distribution. Annual cash flow reaches $13,444/yr on $62,620 to close, and return on cash invested stands at 41.38% in year one. Equity gained on principal adds $1,219/yr while 5% annual appreciation supports $52,190 over five years. Portfolio math shows five-year ROI at 219% and total cumulative return in cash at $137,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,431/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.36 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: Danny Dillinger • DHI REALTY INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB452480
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.