304 E College StCarbondaleIL62901
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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 304 E College St, Carbondale, IL, 62901 priced at $119,000 converts $1,308/mo rent into $483/mo cash flow after a $582/mo obligation. Total monthly income equals $1,308/mo, and annual cash flow totals $5,796/yr on $39,449 invested. Return on cash invested prints 34.6% in year one, and rental yield reads 13.19% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 182.74% and total cumulative return in cash sums $72,089. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,308/mo property income covering a $582/mo payment, not borrower’s personal income.
Multi Family
Built in 1943
4,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62901, Carbondale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 3,387 (26.1%) |
| Renter Occupied HU | 6,973 (53.7%) |
| Vacant Housing Units | 2,618 (20.2%) |
| Median Home Value | $151,897 |
| Average Home Value | $195,223 |
Housing Distribution
Address Breakdown
Residential
11,383
Single Family
8,966
Multi-Family
2,417
Businesses
777
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Listed by: JASON L MUELLER • EXIT REALTY NEW BEGINNINGZ
Mls Name: RMLS Alliance
Mls ID: #EB459284