718 N Cherry StMount CarmelIL62863
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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 Mount Carmel at 718 N Cherry St, Mount Carmel, IL, 62863 priced at $174,800 pairs $2,266/mo rent with $1,053/mo cash flow after a $856/mo payment. Total monthly income equals $2,266/mo, and annual cash flow comes to $12,637/yr on $57,946 invested. Return on cash invested is 41.72% in year one, and rental yield stands at 15.56% on a $174,800 basis. Equity gained on principal adds $1,128/yr, and 5% annual appreciation accumulates to $48,294 by year five. Five-year ROI measures 220.83% and total cumulative return in cash reaches $127,960. For financing, Ziffy Mortgage’s DSCR program evaluates $2,266/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62863, Mount Carmel, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,831 (100%) |
| Owner Occupied HU | 3,008 (62.3%) |
| Renter Occupied HU | 1,089 (22.5%) |
| Vacant Housing Units | 734 (15.2%) |
| Median Home Value | $120,496 |
| Average Home Value | $150,103 |
Housing Distribution
Address Breakdown
Residential
4,176
Single Family
3,915
Multi-Family
261
Businesses
389
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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