416 S Washington 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 416 S Washington St, Carbondale, IL, 62901 priced at $102,900 pairs $1,004/mo rent with $251/mo cash flow after a $504/mo payment. Total monthly income equals $1,004/mo, and annual cash flow comes to $3,017/yr on $34,111 invested. Return on cash invested is 28.75% in year one, and rental yield stands at 11.71% on a $102,900 basis. Equity gained on principal adds $664/yr, and 5% annual appreciation accumulates to $28,429 by year five. Five-year ROI measures 151.84% and total cumulative return in cash reaches $51,794. For financing, Ziffy Mortgage’s DSCR program evaluates $1,004/mo property income against a $504/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
8,000 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 Provider:
Mls ID: #EB455852
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.