705 S Washington StCarthageIL62321
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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 Carthage at 705 S Washington St, Carthage, IL, 62321 uses $45,880 cash to close to unlock $953/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $1,039/mo, and a $677/mo payment keeps the spread at $79/mo. Purchase price stands at $138,400, and rental yield measures 9.01% with $1,039/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $38,237 over five years. Five-year ROI reaches 115.01% and total cumulative return in cash records $52,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,039/mo property income covering a $677/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62321, Carthage, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,952 (100%) |
| Owner Occupied HU | 1,321 (67.7%) |
| Renter Occupied HU | 357 (18.3%) |
| Vacant Housing Units | 274 (14.0%) |
| Median Home Value | $132,910 |
| Average Home Value | $183,747 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,717
Multi-Family
25
Businesses
195
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