602 Kieffer AveMount CarmelIL62863
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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 Mount Carmel at 602 Kieffer Ave, Mount Carmel, IL, 62863 with 5% annual appreciation on a $177,030 basis while $1,967/mo rent supports operations. Total monthly income totals $1,967/mo and a $866/mo payment preserves $740/mo for cash returns. Annual cash flow comes to $8,875/yr on $58,685 deployed, and return on cash invested reaches 35.03% in year one. Equity gained on principal adds $1,142/yr, and five-year appreciation sums $48,910 alongside rental yield of 13.33%. Five-year ROI measures 184.95% and total cumulative return in cash totals $108,536.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,967/mo property income versus a $866/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.34 Acres 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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