223 E 3rd StMount CarmelIL62863
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
Investment Highlights
Investment property for sale in Mount Carmel at 223 E 3rd St, Mount Carmel, IL, 62863 offers a 9.36% rental yield on a $109,900 purchase with $857/mo rent. Total monthly income registers $857/mo, and a $538/mo payment leaves $95/mo available for distribution. Annual cash flow reaches $1,135/yr on $36,432 to close, and return on cash invested stands at 23.03% in year one. Equity gained on principal adds $709/yr while 5% annual appreciation supports $30,363 over five years. Portfolio math shows five-year ROI at 120.57% and total cumulative return in cash at $43,924. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $857/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
0.44 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Hodgson • DHI Realty Inc
Mls Name: IRMLS
Mls ID: #202602098