2041 S Illinois AveCarbondaleIL62903
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 2041 S Illinois Ave, Carbondale, IL, 62903 in Carbondale is listed at $134,900 and delivers $1,232/mo in rent and $297/mo in net monthly cash flow. The 10.96% yield and 2.03 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $37,270 over five years, and $1,242/yr in principal reduction supplements cash return. Total projected cumulative return: $70,662.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 8.0% |
| Monthly Cash Flow | $297 | $400 |
City averages based on Carbondale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,232 |
| Total Monthly Debt Service | $882 |
| DSCR Ratio | 1.40x |
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.
Single Family
Built in 1933
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62903, Carbondale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,348 (100%) |
| Owner Occupied HU | 586 (43.5%) |
| Renter Occupied HU | 479 (35.5%) |
| Vacant Housing Units | 283 (21.0%) |
| Median Home Value | $171,078 |
| Average Home Value | $196,075 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,071
Multi-Family
277
Businesses
191
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 1933
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62903, Carbondale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,348 (100%) |
| Owner Occupied HU | 586 (43.5%) |
| Renter Occupied HU | 479 (35.5%) |
| Vacant Housing Units | 283 (21.0%) |
| Median Home Value | $171,078 |
| Average Home Value | $196,075 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,071
Multi-Family
277
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12596462