402 Carson StLoamiIL62661
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
Rental property for sale in Loami at 402 Carson St, Loami, IL, 62661 offers $1,236/mo rent that, after a $563/mo payment, leaves $401/mo cash flow. Total monthly income is $1,236/mo, and annual cash flow is $4,815/yr on $38,130 cash. Return on cash invested measures 32.54% in year one, and rental yield stands at 12.89% at a $115,023 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,779 by year five. Five-year ROI records 172.03% and total cumulative return in cash reaches $65,597. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,236/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62661, Loami, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 598 (100%) |
| Owner Occupied HU | 434 (72.6%) |
| Renter Occupied HU | 96 (16.1%) |
| Vacant Housing Units | 68 (11.4%) |
| Median Home Value | $178,723 |
| Average Home Value | $197,880 |
Housing Distribution
Address Breakdown
Residential
346
Single Family
346
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices