1010 W Walkup AveCarbondaleIL62901
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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 Carbondale at 1010 W Walkup Ave, Carbondale, IL, 62901 uses $33,979 cash to close to unlock $1,329/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $822/mo, and a $502/mo payment keeps the spread at $111/mo. Purchase price stands at $102,500, and rental yield measures 9.62% with $822/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 124.83% and total cumulative return in cash records $42,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $822/mo property income covering a $502/mo payment rather than investor’s personal income.
Single Family
Built in 1948
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62901, Carbondale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 3,387 (26.1%) |
| Renter Occupied HU | 6,973 (53.7%) |
| Vacant Housing Units | 2,618 (20.2%) |
| Median Home Value | $151,897 |
| Average Home Value | $195,223 |
Housing Distribution
Address Breakdown
Residential
11,383
Single Family
8,966
Multi-Family
2,417
Businesses
777
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Listed by: JASON MUELLER • EXIT REALTY NEW BEGINNINGZ
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460278