707 Country LnCarthageIL62321
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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 707 Country Ln, Carthage, IL, 62321 with 5% annual appreciation on a $130,000 basis while $1,003/mo rent supports operations. Total monthly income totals $1,003/mo and a $636/mo payment preserves $102/mo for cash returns. Annual cash flow comes to $1,219/yr on $43,095 deployed, and return on cash invested reaches 22.74% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.26%. Five-year ROI measures 119.02% and total cumulative return in cash totals $51,291.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,003/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
8,276 sqft 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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