415 3rd StCarrolltonIL62016
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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 415 3rd St, Carrollton, IL, 62016 uses $46,079 cash to close to unlock $998/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,047/mo, and a $680/mo payment keeps the spread at $83/mo. Purchase price stands at $139,000, and rental yield measures 9.04% with $1,047/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 115.54% and total cumulative return in cash records $53,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,047/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1971
3,902 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: Wendi D Mielke • Market Pro Realty, Inc
Mls Name: MARIS
Mls ID: #25078261