312 Carrie LnChathamIL62629
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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 Chatham at 312 Carrie Ln, Chatham, IL, 62629 listed at $249,900 pairs $2,599/mo rent with a $1,223/mo payment to leave $866/mo cash flow. Total monthly income runs $2,599/mo, and annual cash flow reaches $10,389/yr on $82,842 cash to close. Return on cash invested measures 32.45% in year one, and rental yield registers 12.48% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 171.08% and total cumulative return in cash totals $141,722. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,599/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62629, Chatham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 4,641 (73.6%) |
| Renter Occupied HU | 1,202 (19.1%) |
| Vacant Housing Units | 462 ( 7.3%) |
| Median Home Value | $260,971 |
| Average Home Value | $279,718 |
Housing Distribution
Address Breakdown
Residential
6,294
Single Family
6,080
Multi-Family
214
Businesses
271
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Listed by: Adam Jeffrey • Craggs REALTORS, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034458
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.