702 W Cherry 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 702 W Cherry St, Carbondale, IL, 62901 generates $1,375/mo in rent, after a $1,121/mo payment. Total monthly income is $1,375/mo. Return on cash invested sits at 16.53% in year one, and rental yield is 7.21% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 85.75% and total cumulative return in cash sums $65,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,375/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
8,276 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: Stephen Timpe • FIVE STAR REALTY
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460747