7290 Highland LnMount 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
Investment property for sale in Mount Carmel at 7290 Highland Ln, Mount Carmel, IL, 62863 uses $49,692 cash to close to unlock $4,091/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $1,381/mo, and a $734/mo payment keeps the spread at $341/mo. Purchase price stands at $149,900, and rental yield measures 11.06% with $1,381/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 147.96% and total cumulative return in cash records $73,523. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.67 Acres 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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Listed by: April Wilcox • Parrott Marketing Group, LLC
Mls Name: My State MLS
Mls ID: #11582781