603 Carroll StPawneeIL62558
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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 Pawnee at 603 Carroll St, Pawnee, IL, 62558 priced at $145,900 converts $1,162/mo rent into $150/mo cash flow after a $714/mo obligation. Total monthly income equals $1,162/mo, and annual cash flow totals $1,801/yr on $48,366 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 9.56% against a $145,900 entry. Equity gained on principal adds $941/yr, while 5% annual appreciation compiles into $40,309 by year five. Five-year ROI reaches 123.89% and total cumulative return in cash sums $59,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,162/mo property income covering a $714/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,480 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62558, Pawnee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,585 (100%) |
| Owner Occupied HU | 1,193 (75.3%) |
| Renter Occupied HU | 255 (16.1%) |
| Vacant Housing Units | 137 ( 8.6%) |
| Median Home Value | $197,624 |
| Average Home Value | $210,166 |
Housing Distribution
Address Breakdown
Residential
1,215
Single Family
1,185
Multi-Family
30
Businesses
64
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Listed by: Jami R Winchester • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037472
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.