811 E Illinois AveCartervilleIL62918
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 811 E Illinois Ave, Carterville, IL, 62918 in Carterville: $1,908/mo in rent, $535/mo net, 11.57% gross yield, all on a $197,900 acquisition. The 2.14 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $54,676 in value, and $1,823/yr in principal paydown steadily builds equity. Projected total cumulative return: $110,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.0% |
| Monthly Cash Flow | $535 | $500 |
City averages based on Carterville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,908 |
| Total Monthly Debt Service | $1,294 |
| DSCR Ratio | 1.47x |
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 2021
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62918, Carterville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,419 (60.6%) |
| Renter Occupied HU | 1,625 (28.8%) |
| Vacant Housing Units | 595 (10.6%) |
| Median Home Value | $198,214 |
| Average Home Value | $228,587 |
Housing Distribution
Address Breakdown
Residential
4,711
Single Family
4,687
Multi-Family
24
Businesses
290
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 2021
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62918, Carterville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,419 (60.6%) |
| Renter Occupied HU | 1,625 (28.8%) |
| Vacant Housing Units | 595 (10.6%) |
| Median Home Value | $198,214 |
| Average Home Value | $228,587 |
Housing Distribution
Address Breakdown
Residential
4,711
Single Family
4,687
Multi-Family
24
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie J Colombo • C21 House of Realty, INC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455402
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.