677 Karnak RdKarnakIL62956
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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 Karnak at 677 Karnak Rd, Karnak, IL, 62956 generates $2,771/mo in rent and, after a $1,490/mo payment, leaves $660/mo in cash flow. Total monthly income is $2,771/mo, and annual cash flow is $7,914/yr on $100,909 invested. Return on cash invested sits at 27.75% in year one, and rental yield is 10.92% on a $304,400 entry. Equity gained on principal adds $1,964/yr, while 5% annual appreciation builds toward $84,100 over five years. Five-year ROI reaches 145.89% and total cumulative return in cash sums $147,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,771/mo property income rather than buyer’s personal income.
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
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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.