18 Ginger Lake Dr WGlen CarbonIL62034
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 18 Ginger Lake Dr W, Glen Carbon, IL, 62034 in Glen Carbon earns a 10.06% gross yield at $233,500. Rent of $1,958/mo nets $311/mo after the $1,050/mo mortgage. The 1.86 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $64,512 and $2,151/yr in equity accumulation project a total cumulative return of $111,115.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 5.4% |
| Monthly Cash Flow | $311 | $250 |
City averages based on Glen Carbon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,958 |
| Total Monthly Debt Service | $1,527 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1982
7,784 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1982
7,784 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard J Swain • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #26006173