1005 E Elm St · West Frankfort, IL 62896

$39,900

2 bd · 1.0 ba · 1,200 sqft · SingleFamily · 139 Days on market

Built 1920 8,228 sqft lot $33/sqft · 52% below area

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Welcome to a great starter home, a quick flip for investment or livable the way it is just needing some TLC. The back yard offers plenty of shade, a storm shelter that needs TLC and it is fully fenced in. The carport was enclosed for a kennel and storage but can easily be transformed back into a carport.

Key facts

• 8,228 sq ft lot
• Built 1920
• Listed 139 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($852 rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.1% vs local median 5.9% 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; 2 comparable units currently listed for rent nearby; 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 $276 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask is 168% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $8k; list at $40k implies a 399% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• 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 $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.13% ✓
• Cap rate: 17.09%
• Cash-on-cash: 38.57%
• DSCR: 2.72
• GRM: 3.9

CMA / ARV

• ARV (median comp): $83,632
• List price: $39,900
• Delta: -52.29%
• 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
802 E Charles St	0.17mi	2/1.0	1,200 (0%)	4mo	$95,000	$79	88
804 E Clark St	0.16mi	2/2.0	1,274 (+6%)	3mo	$87,000	$68	76
1001 E Oak St	0.07mi	3/1.0 (+1)	1,325 (+10%)	2mo	$67,000	$51	72
1111 E Elm St	0.08mi	2/2.0	1,340 (+12%)	2mo	$179,000	$134	71
802 S Jefferson St	0.62mi	2/1.0	1,190 (-1%)	1mo	$90,000	$76	69
901 E Clark St	0.11mi	3/2.0 (+1)	1,100 (-8%)	7mo	$85,000	$77	67
810 E Main St	0.14mi	3/1.5 (+1)	1,363 (+14%)	3mo	$143,000	$105	61
1514 E Cleveland St	0.55mi	3/1.0 (+1)	1,257 (+5%)	5mo	$157,000	$125	57
402 E Lindell St	0.51mi	3/1.0 (+1)	1,100 (-8%)	1mo	$15,000	$14	57
809 S Odle St	0.73mi	3/1.0 (+1)	1,300 (+8%)	2mo	$82,900	$64	46
806 S Jackson St	0.56mi	3/1.0 (+1)	1,021 (-15%)	2mo	$92,000	$90	42
203 E Saint Louis St	0.62mi	3/2.0 (+1)	1,380 (+15%)	4mo	$100,000	$72	34

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: 34.8%
• Equity multiple: 2.47×
• Total profit: $16,439
• Equity at exit: $5,949

10-year hold

• IRR: 41.6%
• Equity multiple: 4.93×
• Total profit: $43,909
• Equity at exit: $3,450

Cash invested: $11,172 (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: 3.9×

Monthly cashflow live

• Estimated rent: $852 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$88 /mo · $1,055/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$179
• Net cashflow: $359

Break-even live

Break-even rent $397

Max offer price $39,900

Occupancy floor 53%

Sensitivity live

Price	-10% $382	-5% $370	+0% $359	+5% $348	+10% $336
Rent	-10% $292	-5% $325	+0% $359	+5% $393	+10% $426
Rate	-1.0pp $379	-0.5pp $369	base $359	+0.5pp $349	+1.0pp $338

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
411 N Cochran St West Frankfort, IL	2.0	1.0	960	$795	$0.83	44d	1	0.43mi
403 E Poplar St West Frankfort, IL	3.0	1.0	1200	$900	$0.75	44d	1	0.45mi

Listing history 29 events

1. 2026-06-21
   days on market $39,900 Active 139 DOM
2. 2026-06-18
   days on market $39,900 Active 137 DOM
3. 2026-06-17
   days on market $39,900 Active 136 DOM
4. 2026-06-16
   days on market $39,900 Active 135 DOM
5. 2026-06-15
   days on market $39,900 Active 134 DOM
6. 2026-06-13
   days on market $39,900 Active 132 DOM
7. 2026-06-12
   days on market $39,900 Active 131 DOM
8. 2026-06-09
   days on market $39,900 Active 128 DOM
9. 2026-06-08
   days on market $39,900 Active 127 DOM
10. 2026-06-07
    days on market $39,900 Active 126 DOM
11. 2026-06-04
    days on market $39,900 Active 122 DOM
12. 2026-06-02
    days on market $39,900 Active 121 DOM
13. 2026-06-01
    days on market $39,900 Active 120 DOM
14. 2026-05-31
    days on market $39,900 Active 119 DOM
15. 2026-05-31
    days on market $39,900 Active 118 DOM
16. 2026-05-18
    price $39,900
17. 2026-04-13
    price $45,000
18. 2026-03-03
    status Active
19. 2026-01-18
    historical
20. 2026-01-08
    status Active
21. 2026-01-05
    historical
22. 2025-12-24
    historical
23. 2025-08-19
    price
24. 2025-07-24
    price
25. 2025-07-18
    listed Active
26. 2021-08-06
    historical
27. 2007-03-14
    historical
28. 2005-07-05
    soldstatus $8,000
29. 2005-04-18
    listed $14,900

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

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,055 · $88/mo
• Projected year-2 tax: $1,055 · $88/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥107°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: $10,221
• − Mortgage interest: −$2,235
• − Property taxes: −$1,055
• − Insurance: −$200
• − Repairs & maintenance: −$818
• − Management: −$818
• − Depreciation: −$1,161
• Taxable income: $3,935
• Est. tax owed @ 24.0%: −$944
• After-tax cash flow: $3,364/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

+167.8% since first listed

14 events — show timeline

• 2026-05-18 Price Changed $39,900 MRED as Distributed by MLS Grid
• 2026-04-13 Price Changed $45,000 MRED as Distributed by MLS Grid
• 2026-03-03 Relisted — MRED as Distributed by MLS Grid
• 2026-01-18 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-24 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-08-19 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-24 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-18 Listed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2007-03-14 Listing Removed — MRED as Distributed by MLS Grid
• 2005-07-05 Sold (MLS) $8,000 RMLSA as Distributed by MLS Grid
• 2005-04-18 Listed $14,900 RMLSA as Distributed by MLS Grid

Property tax history

-1.3%/yr

Latest (2024): $1,055 · -32.0% YoY. Source: county tax records.