603 N Main StCarrier MillsIL62917
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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 Carrier Mills at 603 N Main St, Carrier Mills, IL, 62917 uses $59,670 cash to close to unlock $3,114/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $881/mo payment keeps the spread at $260/mo. Purchase price stands at $180,000, and rental yield measures 10.05% with $1,508/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 131.83% and total cumulative return in cash records $78,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62917, Carrier Mills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,195 (100%) |
| Owner Occupied HU | 845 (70.7%) |
| Renter Occupied HU | 196 (16.4%) |
| Vacant Housing Units | 154 (12.9%) |
| Median Home Value | $85,547 |
| Average Home Value | $130,586 |
Housing Distribution
Address Breakdown
Residential
816
Single Family
816
Multi-Family
0
Businesses
47
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Listed by: Morgan Thomas • REALTY 618 LLC
Mls Name: RMLS Alliance
Mls ID: #EB459341