411 Locust 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
Investment property for sale in Carthage at 411 Locust St, Carthage, IL, 62321 uses $53,007 cash to close to unlock $7,854/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $1,764/mo, and a $783/mo payment keeps the spread at $655/mo. Purchase price stands at $159,900, and rental yield measures 13.24% with $1,764/mo rent. Return on cash invested shows 34.73% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 183.34% and total cumulative return in cash records $97,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,764/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1911
0.50 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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Listed by: Brenda Young • Brenda Young Real Estate
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203528
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.