602 N Springer StCarbondaleIL62901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 602 N Springer St, Carbondale, IL, 62901 at $120,000 posts ROI 23.44% with $117/mo cash flow from $949/mo rent. Total monthly income equals $949/mo, and annual cash flow records $1,404/yr on $39,780 to close. Return on cash invested measures 23.44% and rental yield reads 9.49% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 122.73% and total cumulative return in cash totals $48,823.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $949/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1913
8,040 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: HOLLY BROOKS • Heart of Southern Living, INC
Mls Name: RMLS Alliance
Mls ID: #EB460694