504 Laclede AveCartervilleIL62918
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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 Carterville at 504 Laclede Ave, Carterville, IL, 62918 with 5% annual appreciation on a $138,000 basis while $1,061/mo rent supports operations. Total monthly income totals $1,061/mo and a $675/mo payment preserves $104/mo for cash returns. Annual cash flow comes to $1,251/yr on $45,747 deployed, and return on cash invested reaches 22.64% in year one. Equity gained on principal adds $890/yr, and five-year appreciation sums $38,127 alongside rental yield of 9.23%. Five-year ROI measures 118.58% and total cumulative return in cash totals $54,246.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,061/mo property income versus a $675/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
0.95 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: Colleen D Hoffmann • C21 HOUSE OF REALTY, INC. C
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457352
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.