530 N Cherry StMount CarmelIL62863
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
Investment Highlights
Investment property for sale in Mount Carmel at 530 N Cherry St, Mount Carmel, IL, 62863 at $241,860 posts ROI 33.74% with $924/mo cash flow from $2,602/mo rent. Total monthly income equals $2,602/mo, and annual cash flow records $11,091/yr on $80,177 to close. Return on cash invested measures 33.74% and rental yield reads 12.91% at the current $241,860. Equity gained on principal adds $1,561/yr, and 5% annual appreciation supports $66,821 by year five. Five-year ROI prints 178.04% and total cumulative return in cash totals $142,750.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,602/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1936
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62863, Mount Carmel, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,831 (100%) |
| Owner Occupied HU | 3,008 (62.3%) |
| Renter Occupied HU | 1,089 (22.5%) |
| Vacant Housing Units | 734 (15.2%) |
| Median Home Value | $120,496 |
| Average Home Value | $150,103 |
Housing Distribution
Address Breakdown
Residential
4,176
Single Family
3,915
Multi-Family
261
Businesses
389
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Nearby investment properties with comparable prices
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