402 E Lindell St · West Frankfort, IL 62896

$19,900

3 bd · 1.0 ba · 1,100 sqft · SingleFamily · 78 Days on market

9,000 sqft lot $18/sqft · 46% below area Est $37k · 46% under ↓ 20% since listing

---

Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity! Home is being sold AS-IS, with no repairs to be made by the seller. Ideal for an investor or flip project. While it needs work, this property offers solid potential. Features city amenities, 3 bedrooms, 1-bathroom, separate living and dining rooms, an enclosed sun porch, and a corner lot location. A great opportunity to add value and customize to your vision.

Key facts

• Enclosed sun porch
• Corner lot location
• 9,000 sq ft lot

Tags

• ENCLOSED SUN PORCH
• CORNER LOT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $560 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($882 rent vs $20k).
• Recommended offer: $19k (6.0% below list) — sets the bar for market timing.
• Cap rate 40.0% vs local median 5.8% in West Frankfort — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 56/100 on livability (#1,210 in IL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D, schools F, amenities F.
• Frankfort CUSD 168 (town): math 6% / reading 16% proficiency, ranked #577 of 620 in IL (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 90 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 17 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $138 of loan paydown is wiped out by about $597 of value loss. Plan a longer hold.
• Franklin County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($19k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $18,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.43% ✓
• Cap rate: 40.04%
• Cash-on-cash: 120.53%
• DSCR: 6.36
• GRM: 1.9

CMA / ARV

• ARV (median comp): $37,070
• List price: $19,900
• Delta: -46.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 E Lindell St	0.00mi	3/1.0	1,100 (0%)	1mo	$15,000	$14	99
901 E Clark St	0.49mi	3/2.0	1,100 (0%)	7mo	$85,000	$77	68
610 Orchard St	0.27mi	3/1.0	1,200 (+9%)	7mo	$94,500	$79	66
610 Orchard St	0.27mi	3/1.0	1,200 (+9%)	7mo	$94,500	$79	66
308 W 5th St	0.52mi	2/1.0 (-1)	1,035 (-6%)	2mo	$71,000	$69	59
312 N Horn St	0.70mi	3/1.5	1,090 (-1%)	8mo	$69,500	$64	58
504 W Poplar St	0.62mi	2/1.5 (-1)	1,050 (-4%)	2mo	$55,000	$52	55
806 S Jackson St	0.70mi	3/1.0	1,021 (-7%)	2mo	$92,000	$90	54
802 E Charles St	0.56mi	2/1.0 (-1)	1,200 (+9%)	4mo	$95,000	$79	50
802 S Jefferson St	0.68mi	2/1.0 (-1)	1,190 (+8%)	1mo	$90,000	$76	48
503 S Lincoln St	0.54mi	2/1.0 (-1)	964 (-12%)	3mo	$90,000	$93	46
702 W Poplar St	0.74mi	2/1.0 (-1)	1,000 (-9%)	2mo	$60,000	$60	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.82×
• Total profit: $32,433
• Equity at exit: $2,967

10-year hold

• IRR: —
• Equity multiple: 14.32×
• Total profit: $74,194
• Equity at exit: $1,721

Cash invested: $5,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 62896

• Active inventory: 90
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $882 medium
• Mortgage (P&I): −$104
• Tax est. 1.5%: −$25 /mo · $298/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $560

Break-even live

Break-even rent $174

Max offer price $19,900

Occupancy floor 32%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $4,975
• Closing costs: $597
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
403 E Poplar St West Frankfort, IL	3.0	1.0	1200	$900	$0.75	44d	1	0.14mi
411 N Cochran St West Frankfort, IL	2.0	1.0	960	$795	$0.83	44d	1	0.58mi
5 Razer Dr Unit 1 West Frankfort, IL	2.0	1.5	1100	$900	$0.82	44d	1	1.06mi

Listing history 3 events

1. 2026-05-06
   status Pending 385-char remark

   Show marketing remark (385 chars)

   Investment Opportunity! Home is being sold AS-IS, with no repairs to be made by the seller. Ideal for an investor or flip project. While it needs work, this property offers solid potential. Features city amenities, 3 bedrooms, 1-bathroom, separate living and dining rooms, an enclosed sun porch, and a corner lot location. A great opportunity to add value and customize to your vision.

2. 2026-03-16
   price $19,900 385-char remark

   Show marketing remark (385 chars)

   Investment Opportunity! Home is being sold AS-IS, with no repairs to be made by the seller. Ideal for an investor or flip project. While it needs work, this property offers solid potential. Features city amenities, 3 bedrooms, 1-bathroom, separate living and dining rooms, an enclosed sun porch, and a corner lot location. A great opportunity to add value and customize to your vision.

3. 2026-02-17
   listed $24,900 Active 385-char remark

   Show marketing remark (385 chars)

   Investment Opportunity! Home is being sold AS-IS, with no repairs to be made by the seller. Ideal for an investor or flip project. While it needs work, this property offers solid potential. Features city amenities, 3 bedrooms, 1-bathroom, separate living and dining rooms, an enclosed sun porch, and a corner lot location. A great opportunity to add value and customize to your vision.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,590
• − Mortgage interest: −$1,115
• − Property taxes: −$298
• − Insurance: −$100
• − Repairs & maintenance: −$847
• − Management: −$847
• − Depreciation: −$579
• Taxable income: $6,804
• Est. tax owed @ 24.0%: −$1,633
• After-tax cash flow: $5,083/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Frankfort CUSD 168
• NCES district ID: 1741580
• Math proficiency: 6% ▼ -9.00%
• Reading proficiency: 16% ▼ -10.00%
• Median HH income: $34,447
• Composite: 8.93/100
• National rank: #9886
• State rank: #577 of 620 in IL

Livability — West Frankfort

• Score: 56/100
• State rank: #1210
• US rank: #22742

Category grades

Amenities F Commute F Cost of living A+ Crime D Employment F Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Frankfort, IL
• City population: 10,691
• Population (ZIP): 10,691

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 37,954 people
• By 2030: 36,828 · -3.0%
• By 2040: 34,452 · -9.2%
• By 2050: 31,855 · -16.1%
• By 2075: 25,171 · -33.7%
• By 2100: 18,462 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2%
• Common ancestry: Romanian 2% Lithuanian 1% Iranian 1%
• Foreign-born: 1% · Canada, Jamaica
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+50.6) · D 24.1% · R 74.6% · Other 1.3%
• 2008→2024 swing: -47.8pp toward R · 2008: -2.8pp · 2024: -50.6pp
• All cycles: 2024: R+50.6 2020: R+47.5 2016: R+45.3 2012: R+16.8 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.00%
• Current HPI: 86.36
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

-20.1% since first listed

3 events — show timeline

• 2026-05-06 Pending — MRED as Distributed by MLS Grid
• 2026-03-16 Price Changed $19,900 MRED as Distributed by MLS Grid
• 2026-02-17 Listed $24,900 MRED as Distributed by MLS Grid

Property tax history

-1.9%/yr

Latest (2024): $1,106 · -0.9% YoY. Source: county tax records.