504 W Mill 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 504 W Mill St, Carbondale, IL, 62901 offers a 2.3% rental yield on a $595,000 purchase with $1,138/mo rent. 74% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 6.38% and total cumulative return in cash at $12,482. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,138/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1923
3,500 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: #EB456105