22292 E 700th RdMount 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
Investment property for sale in Mount Carmel at 22292 E 700th Rd, Mount Carmel, IL, 62863 uses $40,746 cash to close to unlock $1,201/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $953/mo, and a $602/mo payment keeps the spread at $100/mo. Purchase price stands at $122,914, and rental yield measures 9.3% with $953/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $33,959 over five years. Five-year ROI reaches 119.77% and total cumulative return in cash records $48,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $953/mo property income covering a $602/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3.12 Acres 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: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11583403