736 N Mill StCarrier MillsIL62917
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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 Carrier Mills at 736 N Mill St, Carrier Mills, IL, 62917 with 5% annual appreciation on a $200,000 basis while $1,402/mo rent supports operations. Total monthly income totals $1,402/mo and a $979/mo payment preserves $15/mo for cash returns. Annual cash flow comes to $176/yr on $66,300 deployed, and return on cash invested reaches 20.17% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 8.41%. Five-year ROI measures 105.26% and total cumulative return in cash totals $69,788.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62917, Carrier Mills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,195 (100%) |
| Owner Occupied HU | 845 (70.7%) |
| Renter Occupied HU | 196 (16.4%) |
| Vacant Housing Units | 154 (12.9%) |
| Median Home Value | $85,547 |
| Average Home Value | $130,586 |
Housing Distribution
Address Breakdown
Residential
816
Single Family
816
Multi-Family
0
Businesses
47
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Listed by: Nancy Rice • OZMENT REAL ESTATE
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB459487