396 Lake Indian Hills CirCarbondaleIL62902
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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 396 Lake Indian Hills Cir, Carbondale, IL, 62902 offers $4,070/mo rent that, after a $3,426/mo payment. Total monthly income is $4,070/mo. Return on cash invested measures 15.97% in year one, and rental yield stands at 6.98% at a $699,900 entry. Equity gained on principal adds $4,516/yr while 5% annual appreciation compounds into $193,369 by year five. Five-year ROI records 82.68% and total cumulative return in cash reaches $190,388. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,070/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
N/A lot
$N/A/sqft
No 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: Michelle Thies • Landmark Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000166