245 Magnolia LnCarbondaleIL62903
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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 245 Magnolia Ln, Carbondale, IL, 62903 generates $2,467/mo in rent, after a $4,248/mo payment. Total monthly income is $2,467/mo. Return on cash invested sits at 5.02% in year one, and rental yield is 3.41% on a $868,000 entry. Equity gained on principal adds $5,601/yr, while 5% annual appreciation builds toward $239,812 over five years. Five-year ROI reaches 24.01% and total cumulative return in cash sums $68,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,467/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1968
5 Acres lot
$N/A/sqft
$25 monthly 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
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Listed by: N/A • N/A
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