1401 S Thomas StCartervilleIL62918
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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
Rental property for sale in Carterville at 1401 S Thomas St, Carterville, IL, 62918 priced at $230,000 converts $2,165/mo rent into $569/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,165/mo, and annual cash flow totals $6,833/yr on $76,245 invested. Return on cash invested prints 28.87% in year one, and rental yield reads 11.3% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 151.9% and total cumulative return in cash sums $115,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,165/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.29 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: Stevie Rae • House 2 Home Realty Marion
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269451