84 S New Thompson Lake 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
Rental property for sale in Carbondale at 84 S New Thompson Lake Rd, Carbondale, IL, 62901 priced at $140,000 converts $1,108/mo rent into $137/mo cash flow after a $685/mo obligation. Total monthly income equals $1,108/mo, and annual cash flow totals $1,646/yr on $46,410 invested. Return on cash invested prints 23.46% in year one, and rental yield reads 9.5% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 122.92% and total cumulative return in cash sums $57,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,108/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1961
N/A 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: JAMES STEINBACH • FIVE STAR REALTY
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460161