736 N Mill StCarrier MillsIL62917
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 736 N Mill St, Carrier Mills, IL, 62917 in Carrier Mills at $200,000 earns $1,402/mo in rent and nets $15/mo after the $899/mo payment, a 8.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $55,256 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $1,842/yr in principal paydown, total projected return reaches $77,471.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.0% |
| Monthly Cash Flow | $15 | $400 |
City averages based on Carrier Mills market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,402 |
| Total Monthly Debt Service | $1,308 |
| DSCR Ratio | 1.07x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Rice • OZMENT REAL ESTATE
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB459487