1470 W No Name RdCarbondaleIL62902
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play1470 W No Name Rd, Carbondale, IL, 62902 in Carbondale is priced for appreciation, not yield. Rental yield 1.55%. At $645,000 with a 1.55% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $178,202 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.29) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $12,505.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.6% | 8.0% |
| Monthly Cash Flow | $(3,640) | $400 |
City averages based on Carbondale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $834 |
| Total Monthly Debt Service | $4,217 |
| DSCR Ratio | 0.20x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 N/A
103 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62902, Carbondale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,265 (100%) |
| Owner Occupied HU | 1,316 (58.1%) |
| Renter Occupied HU | 679 (30.0%) |
| Vacant Housing Units | 270 (11.9%) |
| Median Home Value | $244,915 |
| Average Home Value | $254,922 |
Housing Distribution
Address Breakdown
Residential
2,121
Single Family
1,948
Multi-Family
173
Businesses
275
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 N/A
103 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62902, Carbondale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,265 (100%) |
| Owner Occupied HU | 1,316 (58.1%) |
| Renter Occupied HU | 679 (30.0%) |
| Vacant Housing Units | 270 (11.9%) |
| Median Home Value | $244,915 |
| Average Home Value | $254,922 |
Housing Distribution
Address Breakdown
Residential
2,121
Single Family
1,948
Multi-Family
173
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Bertram • Hometown Real Estate / Pioneer Land Company
Mls Name: My State MLS
Mls ID: #11364409