700 Charles RdCarbondaleIL62901
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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 700 Charles Rd, Carbondale, IL, 62901 uses $38,089 cash to close to unlock $15,331/yr annual cash flow and $1,278/mo monthly cash flow. Total monthly income runs $2,214/mo, and a $562/mo payment keeps the spread at $1,278/mo. Purchase price stands at $114,900, and rental yield measures 23.12% with $2,214/mo rent. Return on cash invested shows 60.16% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 321.32% and total cumulative return in cash records $122,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,214/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.41 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: Daniel J Harshbarger • KELLER WILLIAMS PINNACLE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455497
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.