517 E 2nd South StCarlinvilleIL62626
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 517 E 2nd South St, Carlinville, IL, 62626 in Carlinville, $125,000, 9.37% gross yield, $109/mo net income. Consider it a market-entry position, the $976/mo rent covers the $562/mo payment with a margin, and 5%/yr appreciation is projected to add $34,535 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.74) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $54,835.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $109 | $500 |
City averages based on Carlinville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $976 |
| Total Monthly Debt Service | $817 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda S Allen • Firm Foundations Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033097
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.