614 Locust StCarrolltonIL62016
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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 Carrollton at 614 Locust St, Carrollton, IL, 62016 listed at $189,900 pairs $810/mo rent with a $929/mo payment. Total monthly income runs $810/mo. Return on cash invested measures 10.25% in year one, and rental yield registers 5.12% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 52.07% and total cumulative return in cash totals $32,777. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $810/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62016, Carrollton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,532 (100%) |
| Owner Occupied HU | 1,031 (67.3%) |
| Renter Occupied HU | 337 (22.0%) |
| Vacant Housing Units | 164 (10.7%) |
| Median Home Value | $121,101 |
| Average Home Value | $165,301 |
Housing Distribution
Address Breakdown
Residential
1,636
Single Family
1,620
Multi-Family
16
Businesses
119
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Listed by: Roger Goodman • GOODMAN AGENCY INC
Mls Name: My State MLS
Mls ID: #11613037