511 E 2nd South StCarlinvilleIL62626
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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 Carlinville at 511 E 2nd South St, Carlinville, IL, 62626 generates $2,214/mo in rent and, after a $1,052/mo payment, leaves $723/mo in cash flow. Total monthly income is $2,214/mo, and annual cash flow is $8,679/yr on $71,239 invested. Return on cash invested sits at 32.09% in year one, and rental yield is 12.36% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 169.21% and total cumulative return in cash sums $120,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62626, Carlinville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,593 (100%) |
| Owner Occupied HU | 2,272 (63.2%) |
| Renter Occupied HU | 969 (27.0%) |
| Vacant Housing Units | 352 ( 9.8%) |
| Median Home Value | $137,815 |
| Average Home Value | $176,401 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,164
Multi-Family
153
Businesses
372
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Listed by: Tiana Burnett • Keller Williams Capital
Mls Name: RMLS Alliance
Mls ID: #CA1037640