609 S Broad StCarlinvilleIL62626
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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 Carlinville at 609 S Broad St, Carlinville, IL, 62626 priced at $115,000 pairs $1,852/mo rent with $1,054/mo cash flow after a $563/mo payment. Total monthly income equals $1,852/mo, and annual cash flow comes to $12,650/yr on $38,123 invested. Return on cash invested is 53.09% in year one, and rental yield stands at 19.33% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 281.87% and total cumulative return in cash reaches $107,457. For financing, Ziffy Mortgage’s DSCR program evaluates $1,852/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62626, Carlinville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,593 (100%) |
| Owner Occupied HU | 2,272 (63.2%) |
| Renter Occupied HU | 969 (27.0%) |
| Vacant Housing Units | 352 ( 9.8%) |
| Median Home Value | $137,815 |
| Average Home Value | $176,401 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,164
Multi-Family
153
Businesses
372
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Listed by: Stephanie Pool • GOODMAN AGENCY INC
Mls Name: My State MLS
Mls ID: #11392307