265 Carrington AveMt ZionIL62549
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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 Mt Zion at 265 Carrington Ave, Mt Zion, IL, 62549 priced at $420,000 converts $0/mo rent into after a $2,056/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.2% in year one, and rental yield reads 0% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62549, Mt Zion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,971 (74.2%) |
| Renter Occupied HU | 474 (17.9%) |
| Vacant Housing Units | 210 ( 7.9%) |
| Median Home Value | $199,337 |
| Average Home Value | $213,962 |
Housing Distribution
Address Breakdown
Residential
2,594
Single Family
2,507
Multi-Family
87
Businesses
217
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices