41 N Washington StCarthageIL62321
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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
Rental property for sale in Carthage at 41 N Washington St, Carthage, IL, 62321 generates $1,317/mo in rent and, after a $803/mo payment, leaves $179/mo in cash flow. Total monthly income is $1,317/mo, and annual cash flow is $2,150/yr on $54,366 invested. Return on cash invested sits at 23.86% in year one, and rental yield is 9.64% on a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 125.1% and total cumulative return in cash sums $68,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,317/mo property income rather than buyer’s personal income.
Single Family
Built in 1850
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62321, Carthage, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,952 (100%) |
| Owner Occupied HU | 1,321 (67.7%) |
| Renter Occupied HU | 357 (18.3%) |
| Vacant Housing Units | 274 (14.0%) |
| Median Home Value | $132,910 |
| Average Home Value | $183,747 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,717
Multi-Family
25
Businesses
195
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