310 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 310 E College St, Carbondale, IL, 62901 offers $1,279/mo rent that, after a $1,081/mo payment. Total monthly income is $1,279/mo. Return on cash invested measures 9.76% in year one, and rental yield stands at 6.95% at a $220,812 entry. Equity gained on principal adds $1,425/yr while 5% annual appreciation compounds into $61,006 by year five. Five-year ROI records 51.58% and total cumulative return in cash reaches $37,754. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,279/mo property income versus a $1,081/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2011
0.54 Acres 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: N/A • N/A
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