6584 E Grand RdCartervilleIL62918
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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 Carterville at 6584 E Grand Rd, Carterville, IL, 62918 listed at $580,000 pairs $960/mo rent with a $2,839/mo payment. Total monthly income runs $960/mo. Return on cash invested measures 0.8% in year one, and rental yield registers 1.99% at a $580,000 basis. Equity gained on principal adds $3,743/yr, and annual property appreciation at 5% supports $160,243 by year five. Five-year ROI tracks 1.31% and total cumulative return in cash totals $2,493. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $2,839/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
24.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62918, Carterville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,419 (60.6%) |
| Renter Occupied HU | 1,625 (28.8%) |
| Vacant Housing Units | 595 (10.6%) |
| Median Home Value | $198,214 |
| Average Home Value | $228,587 |
Housing Distribution
Address Breakdown
Residential
4,711
Single Family
4,687
Multi-Family
24
Businesses
290
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Listed by: Hunter Rishel • Southern Illinois Realty Experts Carbondale
Mls Name: RMLS Alliance
Mls ID: #QC4267423