7401 E Karma RdWaltonvilleIL62894
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
Investment Highlights
Rental property for sale in Waltonville at 7401 E Karma Rd, Waltonville, IL, 62894 offers $1,693/mo rent that, after a $563/mo payment, leaves $895/mo cash flow. Total monthly income is $1,693/mo, and annual cash flow is $10,742/yr on $38,123 cash. Return on cash invested measures 48.09% in year one, and rental yield stands at 17.67% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 255.05% and total cumulative return in cash reaches $97,233. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,693/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2012
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62894, Waltonville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 434 (100%) |
| Owner Occupied HU | 329 (75.8%) |
| Renter Occupied HU | 64 (14.7%) |
| Vacant Housing Units | 41 ( 9.4%) |
| Median Home Value | $154,808 |
| Average Home Value | $172,857 |
Housing Distribution
Address Breakdown
Residential
416
Single Family
416
Multi-Family
0
Businesses
17
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Listed by: Cory D Capps • CAPPS REALTY
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB453320
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.