724 Ficklin StMount CarmelIL62863
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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
Rental property for sale in Mount Carmel at 724 Ficklin St, Mount Carmel, IL, 62863 priced at $104,475 converts $823/mo rent into $99/mo cash flow after a $511/mo obligation. Total monthly income equals $823/mo, and annual cash flow totals $1,184/yr on $34,633 invested. Return on cash invested prints 23.33% in year one, and rental yield reads 9.45% against a $104,475 entry. Equity gained on principal adds $674/yr, while 5% annual appreciation compiles into $28,865 by year five. Five-year ROI reaches 122.19% and total cumulative return in cash sums $42,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $823/mo property income covering a $511/mo payment, not borrower’s personal income.
Single Family
Built in 1984
7,810 sqft 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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