677 Karnak RdKarnakIL62956
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 677 Karnak Rd, Karnak, IL, 62956 in Karnak hard to pass up. The 10.23% gross yield on a $304,400 purchase results in $2,771/mo in rent and $517/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.02). Annual cash flow of $6,209, five-year appreciation of $84,100, and $2,804/yr in equity build-up combine for a projected total cumulative return of $158,865.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $517 | $1,200 |
City averages based on Karnak market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,771 |
| Total Monthly Debt Service | $1,990 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1972
26.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62956, Karnak, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 282 (69.8%) |
| Renter Occupied HU | 45 (11.1%) |
| Vacant Housing Units | 77 (19.1%) |
| Median Home Value | $103,378 |
| Average Home Value | $121,764 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
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
Single Family
Built in 1972
26.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62956, Karnak, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 404 (100%) |
| Owner Occupied HU | 282 (69.8%) |
| Renter Occupied HU | 45 (11.1%) |
| Vacant Housing Units | 77 (19.1%) |
| Median Home Value | $103,378 |
| Average Home Value | $121,764 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Wilkins • RE/MAX ADVANTAGE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB453211
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.