713 Renshaw AveCarmiIL62821
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
Investment Highlights
Rental property for sale in Carmi at 713 Renshaw Ave, Carmi, IL, 62821 generates $1,419/mo in rent and, after a $876/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,419/mo, and annual cash flow is $2,130/yr on $59,339 invested. Return on cash invested sits at 23.5% in year one, and rental yield is 9.51% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash sums $73,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,419/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62821, Carmi, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,267 (63.2%) |
| Renter Occupied HU | 796 (22.2%) |
| Vacant Housing Units | 522 (14.6%) |
| Median Home Value | $128,652 |
| Average Home Value | $178,788 |
Housing Distribution
Address Breakdown
Residential
3,209
Single Family
3,060
Multi-Family
149
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices