624 Sumner 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 624 Sumner St, Carlinville, IL, 62626 offers $0/mo rent that, after a $524/mo payment. Total monthly income is $0/mo. Return on cash invested measures -5.21% in year one, and rental yield stands at 0% at a $107,000 entry. Equity gained on principal adds $690/yr while 5% annual appreciation compounds into $29,562 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $524/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,795 sqft 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Lori Reid-Gardner • Century 21 Reid Baugher Realty
Mls Name: MARIS
Mls ID: #25055049