1516 E Gary DrCarbondaleIL62902
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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
Rental property for sale in Carbondale at 1516 E Gary Dr, Carbondale, IL, 62902 generates $1,687/mo in rent and, after a $1,101/mo payment, leaves $127/mo in cash flow. Total monthly income is $1,687/mo, and annual cash flow is $1,519/yr on $74,588 invested. Return on cash invested sits at 21.95% in year one, and rental yield is 9% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 114.76% and total cumulative return in cash sums $85,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,687/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.31 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
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Listed by: Tamara Walker • Landmark Realty Group Mboro
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457535
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