3024 Wabash 12 AveMount 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 3024 Wabash 12 Ave, Mount Carmel, IL, 62863 offers a 6.97% rental yield on a $999,500 purchase with $5,803/mo rent. 94% in year one. Equity gained on principal adds $6,450/yr while 5% annual appreciation supports $276,143 over five years. Portfolio math shows five-year ROI at 82.5% and total cumulative return in cash at $271,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,803/mo property income against a $4,892/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
24 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: RODNEY HAWKINS • MIDWEST FARM & LAND
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB456670