502 E Mohan StCartervilleIL62918
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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 Carterville at 502 E Mohan St, Carterville, IL, 62918 offers $1,747/mo rent that, after a $1,615/mo payment. Total monthly income is $1,747/mo. Return on cash invested measures 13.97% in year one, and rental yield stands at 6.35% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 71.97% and total cumulative return in cash reaches $78,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,747/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62918, Carterville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,419 (60.6%) |
| Renter Occupied HU | 1,625 (28.8%) |
| Vacant Housing Units | 595 (10.6%) |
| Median Home Value | $198,214 |
| Average Home Value | $228,587 |
Housing Distribution
Address Breakdown
Residential
4,711
Single Family
4,687
Multi-Family
24
Businesses
290
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Listed by: VICKY L SCOGGINS • C21 HOUSE OF REALTY, INC. C
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455442
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.