404 Virginia AveCarrolltonIL62016
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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 Carrollton at 404 Virginia Ave, Carrollton, IL, 62016 uses $43,095 cash to close to unlock $1,255/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $1,006/mo, and a $636/mo payment keeps the spread at $105/mo. Purchase price stands at $130,000, and rental yield measures 9.29% with $1,006/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 119.46% and total cumulative return in cash records $51,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,006/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62016, Carrollton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,532 (100%) |
| Owner Occupied HU | 1,031 (67.3%) |
| Renter Occupied HU | 337 (22.0%) |
| Vacant Housing Units | 164 (10.7%) |
| Median Home Value | $121,101 |
| Average Home Value | $165,301 |
Housing Distribution
Address Breakdown
Residential
1,636
Single Family
1,620
Multi-Family
16
Businesses
119
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Listed by: Kristina K Woolsey • Market Pro Realty, Inc
Mls Name: MARIS
Mls Provider:
Mls ID: #24072409
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