329 Sumner StCarlinvilleIL62626
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 Carlinville at 329 Sumner St, Carlinville, IL, 62626 uses $33,813 cash to close to unlock $705/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $766/mo, and a $499/mo payment keeps the spread at $59/mo. Purchase price stands at $102,000, and rental yield measures 9.01% with $766/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $28,181 over five years. Five-year ROI reaches 115.04% and total cumulative return in cash records $38,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $766/mo property income covering a $499/mo payment rather than investor’s personal income.
Single Family
Built in 1954
8,015 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62626, Carlinville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,593 (100%) |
| Owner Occupied HU | 2,272 (63.2%) |
| Renter Occupied HU | 969 (27.0%) |
| Vacant Housing Units | 352 ( 9.8%) |
| Median Home Value | $137,815 |
| Average Home Value | $176,401 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,164
Multi-Family
153
Businesses
372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jesse Hartsook • Land & Home Real Estate
Mls Name: RMLS Alliance
Mls ID: #CA1038595