404 N Smith 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
Investment property for sale in Carbondale at 404 N Smith St, Carbondale, IL, 62901 with 5% annual appreciation on a $101,500 basis while $2,239/mo rent supports operations. Total monthly income totals $2,239/mo and a $497/mo payment preserves $1,523/mo for cash returns. Annual cash flow comes to $18,274/yr on $33,647 deployed, and return on cash invested reaches 74.22% in year one. Equity gained on principal adds $655/yr, and five-year appreciation sums $28,043 alongside rental yield of 26.47%. Five-year ROI measures 395.18% and total cumulative return in cash totals $132,967.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,239/mo property income versus a $497/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.26 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: Ron Jones • Homefinders Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB453641
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.