507 W Grand 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 507 W Grand Ave, Carterville, IL, 62918 earns $642/mo cash flow from $2,231/mo rent with a $1,121/mo payment. Total monthly income totals $2,231/mo, and annual cash flow totals $7,709/yr on $75,914 capital. ROI tracks 30.06% on current figures, and rental yield reads 11.69% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 158.32% and total cumulative return in cash sums $120,185. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,231/mo property income instead of your personal income.
Single Family
Built in 1950
0.32 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: Aaron Coon • House 2 Home Realty Carterville
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4264942