617 W 5th StMount CarmelIL62863
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Nearby investment properties with comparable prices
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 Mount Carmel at 617 W 5th St, Mount Carmel, IL, 62863 offers $1,746/mo rent that, after a $631/mo payment, leaves $852/mo cash flow. Total monthly income is $1,746/mo, and annual cash flow is $10,219/yr on $42,764 cash. Return on cash invested measures 43.81% in year one, and rental yield stands at 16.24% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 232.01% and total cumulative return in cash reaches $99,217. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,746/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
0.39 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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Listed by: Jordan Crow • SARA STORCKMAN REALTY INC
Mls Name: My State MLS
Mls ID: #11332406