176 Old Highway 13CarbondaleIL62902
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 176 Old Highway 13, Carbondale, IL, 62902 in Carbondale. Rental yield 6.17%. The 1.14 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $96,422 and $3,214/yr in principal reduction project total return of $93,254.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 8.0% |
| Monthly Cash Flow | $(626) | $400 |
City averages based on Carbondale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,795 |
| Total Monthly Debt Service | $2,282 |
| DSCR Ratio | 0.79x |
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 1975
9.90 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 1975
9.90 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: Angela Horn • REALTY 618 LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457701
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.