1611 Dain DrCarmiIL62821
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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 1611 Dain Dr, Carmi, IL, 62821 uses $62,322 cash to close to unlock $15,434/yr annual cash flow and $1,286/mo monthly cash flow. Total monthly income runs $2,590/mo, and a $920/mo payment keeps the spread at $1,286/mo. Purchase price stands at $188,000, and rental yield measures 16.53% with $2,590/mo rent. Return on cash invested shows 44.67% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 236.69% and total cumulative return in cash records $147,512. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,590/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.30 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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