417 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
Investment property for sale in Carthage at 417 N Washington St, Carthage, IL, 62321 uses $45,747 cash to close to unlock $1,515/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,083/mo, and a $675/mo payment keeps the spread at $126/mo. Purchase price stands at $138,000, and rental yield measures 9.42% with $1,083/mo rent. Return on cash invested shows 23.22% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 121.67% and total cumulative return in cash records $55,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,083/mo property income covering a $675/mo payment rather than investor’s personal income.
Single Family
Built in 1944
10,454 sqft 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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