802 E Poplar St · West Frankfort, IL 62896

$115,000

4 bd · 1.5 ba · 2,434 sqft · SingleFamily · 36 Days on market

Built 1920 8,400 sqft lot $47/sqft · 15% below area Est $136k · 15% under

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Why this score? — see what drove the C+ 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 +24.6/30.0
• ARV discount +14.4/15.0
• DSCR +7.9/10.0
• 1% rule +7.1/10.0
• 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

Step into timeless character with this spacious 2- story brick home built in the 1920's. Offering roughly 2,400 square feet of living space on a desirable corner lot. This 4- bedroom, 1.5 bath property showcases classic charm with hardwood floors throughout that give the home a warm, inviting feel. The Large covered front porch creates the perfect spot to relax and enjoy the neighborhood, while inside you'll find generously sized rooms and a functional layout ideal for both everyday living and entertaining. With a detached shed, 2 driveways and a corner lot this property wont last long!

Key facts

• 8,400 sq ft lot
• 4 parking spots
• Built 1920

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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; 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 $795 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% 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. 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. 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.
7. 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.
8. 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: 1.21% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.83%
• DSCR: 1.39
• GRM: 6.9

CMA / ARV

• ARV (median comp): $135,677
• List price: $115,000
• Delta: -15.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1003 E Main St	0.14mi	4/2.0	2,547 (+5%)	5mo	$22,500	$9	79
900 E 4th St	0.23mi	5/3.5 (+1)	2,446 (+0%)	4mo	$80,000	$33	72
202 N Jackson St	0.26mi	4/2.0	2,216 (-9%)	10mo	$164,000	$74	63
613 S Locust	0.45mi	4/3.0	2,392 (-2%)	9mo	$125,000	$52	62
613 S Locust	0.45mi	4/3.0	2,392 (-2%)	9mo	$125,000	$52	62
1511 E Cleveland St	0.73mi	4/2.0	2,400 (-1%)	9mo	$255,000	$106	54
405 E Poplar St	0.24mi	4/2.0	2,150 (-12%)	16mo	$135,000	$63	54
103 N Grand St	0.55mi	4/3.0	2,624 (+8%)	4mo	$212,000	$81	52

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: -2.9%
• Equity multiple: 0.89×
• Total profit: $-3,481
• Equity at exit: $17,147

10-year hold

• IRR: 6.9%
• Equity multiple: 1.52×
• Total profit: $16,649
• Equity at exit: $9,943

Cash invested: $32,200 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,388 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$208 /mo · $2,500/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $237

Break-even live

Break-even rent $1,088

Max offer price $115,000

Occupancy floor 78%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-12
   status Pending 598-char remark

   Show marketing remark (598 chars)

   Step into timeless character with this spacious 2- story brick home built in the 1920's. Offering roughly 2,400 square feet of living space on a desirable corner lot. This 4- bedroom, 1.5 bath property showcases classic charm with hardwood floors throughout that give the home a warm, inviting feel. The Large covered front porch creates the perfect spot to relax and enjoy the neighborhood, while inside you'll find generously sized rooms and a functional layout ideal for both everyday living and entertaining. With a detached shed, 2 driveways and a corner lot this property wont last long!

2. 2026-04-06
   listed $115,000 Active 598-char remark

   Show marketing remark (598 chars)

   Step into timeless character with this spacious 2- story brick home built in the 1920's. Offering roughly 2,400 square feet of living space on a desirable corner lot. This 4- bedroom, 1.5 bath property showcases classic charm with hardwood floors throughout that give the home a warm, inviting feel. The Large covered front porch creates the perfect spot to relax and enjoy the neighborhood, while inside you'll find generously sized rooms and a functional layout ideal for both everyday living and entertaining. With a detached shed, 2 driveways and a corner lot this property wont last long!

3. 2021-12-11
   historical
4. 2021-12-10
   historical
5. 2021-08-06
   historical
6. 2013-07-19
   historical

ⓘ 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: $2,500 · $208/mo
• Projected year-2 tax: $2,555 · $213/mo
• Expected delta: +$55/yr (+$5/mo · 2.2%)

ⓘ 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 · 21 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: $16,653
• − Mortgage interest: −$6,442
• − Property taxes: −$2,500
• − Insurance: −$575
• − Repairs & maintenance: −$1,332
• − Management: −$1,332
• − Depreciation: −$3,345
• Taxable income: $1,126
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $2,573/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

6 events — show timeline

• 2026-05-12 Pending — MRED as Distributed by MLS Grid
• 2026-04-06 Listed $115,000 MRED as Distributed by MLS Grid
• 2021-12-11 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-12-10 Listing Removed — MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2013-07-19 Listing Removed — MRED as Distributed by MLS Grid

Property tax history

+1.6%/yr

Latest (2024): $2,500 · -26.4% YoY. Source: county tax records.