722 Wabash AveCarthageIL62321
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 722 Wabash Ave, Carthage, IL, 62321 in Carthage hard to pass up. The 16.4% gross yield on a $169,000 purchase results in $2,310/mo in rent and $1,138/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.04). Annual cash flow of $13,653, five-year appreciation of $46,692, and $1,557/yr in equity build-up combine for a projected total cumulative return of $137,851.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.4% | 9.0% |
| Monthly Cash Flow | $1,138 | $150 |
City averages based on Carthage market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,310 |
| Total Monthly Debt Service | $1,105 |
| DSCR Ratio | 2.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1904
0.26 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
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
Single Family
Built in 1904
0.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices