9710 Wabash 10 AveMount CarmelIL62863
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 Mount Carmel at 9710 Wabash 10 Ave, Mount Carmel, IL, 62863 generates $1,795/mo in rent and, after a $1,101/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,795/mo, and annual cash flow is $2,818/yr on $74,554 invested. Return on cash invested sits at 23.69% in year one, and rental yield is 9.58% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 124.1% and total cumulative return in cash sums $92,521. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,795/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
1.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Hodgson • DHI Realty Inc
Mls Name: IRMLS
Mls ID: #202600456