21 Spring Arbor 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 21 Spring Arbor Dr, Carbondale, IL, 62902 priced at $157,000 converts $1,910/mo rent into $631/mo cash flow after a $768/mo obligation. Total monthly income equals $1,910/mo, and annual cash flow totals $7,577/yr on $52,046 invested. Return on cash invested prints 34.47% in year one, and rental yield reads 14.6% against a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation compiles into $43,376 by year five. Five-year ROI reaches 183.55% and total cumulative return in cash sums $95,528. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,910/mo property income covering a $768/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1 Acres lot
$N/A/sqft
$200 annually 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: Rachel E Davenport • RE/MAX Realty Central
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB459217
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.