602 E Mohan StCartervilleIL62918
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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 Carterville at 602 E Mohan St, Carterville, IL, 62918 generates $2,720/mo in rent and, after a $1,285/mo payment, leaves $899/mo in cash flow. Total monthly income is $2,720/mo, and annual cash flow is $10,789/yr on $87,019 invested. Return on cash invested sits at 32.31% in year one, and rental yield is 12.43% on a $262,500 entry. Equity gained on principal adds $1,694/yr, while 5% annual appreciation builds toward $72,524 over five years. Five-year ROI reaches 170.36% and total cumulative return in cash sums $148,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.60 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: Rob Underwood • Southern Illinois Realty Experts Herrin
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255802
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.