580 Phillips RdCarbondaleIL62902
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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 580 Phillips Rd, Carbondale, IL, 62902 with 5% annual appreciation on a $275,000 basis while $2,150/mo rent supports operations. Total monthly income totals $2,150/mo and a $1,346/mo payment preserves $243/mo for cash returns. Annual cash flow comes to $2,910/yr on $91,163 deployed, and return on cash invested reaches 23.1% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 9.38%. Five-year ROI measures 120.96% and total cumulative return in cash totals $110,267.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,150/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
1.60 Acres 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: Alexandria Shadowens • Selling Southern Illinois Realty
Mls Name: RMLS Alliance
Mls ID: #EB459734