20997 Carlton LnMount 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
Rental property for sale in Mount Carmel at 20997 Carlton Ln, Mount Carmel, IL, 62863 generates $1,554/mo in rent, after a $1,174/mo payment. Total monthly income is $1,554/mo. Return on cash invested sits at 18.25% in year one, and rental yield is 7.77% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 94.98% and total cumulative return in cash sums $75,535. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
N/A 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: Shawn Storckman • SARA STORCKMAN REALTY INC
Mls Name: NY State MLS
Mls ID: #11484314