211 Michigan 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
Investment property for sale in Carterville at 211 Michigan St, Carterville, IL, 62918 with 5% annual appreciation on a $225,000 basis while $1,518/mo rent supports operations. 23% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.1%. Five-year ROI measures 100.18% and total cumulative return in cash totals $74,721. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,518/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
N/A 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: Meghan Aloffo • Infinity Realty of Southern IL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000399