430 Chestnut StMount CarmelIL62863
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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 Mount Carmel at 430 Chestnut St, Mount Carmel, IL, 62863 offers $2,564/mo rent that, after a $570/mo payment, leaves $1,756/mo cash flow. Total monthly income is $2,564/mo, and annual cash flow is $21,075/yr on $38,597 cash. Return on cash invested measures 74.51% in year one, and rental yield stands at 26.43% at a $116,430 entry. Equity gained on principal adds $751/yr while 5% annual appreciation compounds into $32,167 by year five. Five-year ROI records 396.76% and total cumulative return in cash reaches $153,134. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,564/mo property income versus a $570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62863, Mount Carmel, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,831 (100%) |
| Owner Occupied HU | 3,008 (62.3%) |
| Renter Occupied HU | 1,089 (22.5%) |
| Vacant Housing Units | 734 (15.2%) |
| Median Home Value | $120,496 |
| Average Home Value | $150,103 |
Housing Distribution
Address Breakdown
Residential
4,176
Single Family
3,915
Multi-Family
261
Businesses
389
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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