122 3rd StCarbon CliffIL61239
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.36% yield at 122 3rd St, Carbon Cliff, IL, 61239 in Carbon Cliff is solid, but the $607/mo payment compresses net cash flow to $117/mo at $135,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $37,298 by year five, and $1,243/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.73) without U.S. income documentation. Total projected return: $59,162.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $117 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,053 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.19x |
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.
Home Type Unknown
Built in 1927
10,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61239, Carbon Cliff, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 284 (100%) |
| Owner Occupied HU | 149 (52.5%) |
| Renter Occupied HU | 87 (30.6%) |
| Vacant Housing Units | 48 (16.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $206,426 |
Housing Distribution
Address Breakdown
Residential
328
Single Family
211
Multi-Family
117
Businesses
24
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
Home Type Unknown
Built in 1927
10,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61239, Carbon Cliff, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 284 (100%) |
| Owner Occupied HU | 149 (52.5%) |
| Renter Occupied HU | 87 (30.6%) |
| Vacant Housing Units | 48 (16.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $206,426 |
Housing Distribution
Address Breakdown
Residential
328
Single Family
211
Multi-Family
117
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A