3936 W Sycamore St · Carterville, IL 62918

$120,000

2 bd · 2.0 ba · 2,080 sqft · Other · 181 Days on market

Built 1936 2.40 ac lot $58/sqft · 34% below area Est $181k · 34% under

---

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 +15.2/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +4.3/10.0
• Livability +3.8/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

Key facts

• 2.4 acre lot
• 2 garage spots
• Built 1936

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $120k.

Deal economics

• At list price, monthly cash flow is $41 ($495/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (6.8% below list).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.7% in Carterville — 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 75/100 on livability (#211 in IL, #3,939 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Carterville CUSD 5 (suburban): math 29% / reading 43% proficiency, ranked #185 of 620 in IL (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 110 active listings in the ZIP; 130 units permitted in Williamson County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1936 — 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 $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 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 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.93% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.47%
• DSCR: 1.07
• GRM: 8.9

CMA / ARV

• ARV (median comp): $180,703
• List price: $120,000
• Delta: -33.59%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -13.9%
• Equity multiple: 0.50×
• Total profit: $-16,795
• Equity at exit: $17,892

10-year hold

• IRR: -5.1%
• Equity multiple: 0.67×
• Total profit: $-11,142
• Equity at exit: $10,375

Cash invested: $33,600 (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 62918

• Home prices YoY: -13.8%
• Active inventory: 110
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,119 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$163 /mo · $1,961/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $41

Break-even live

Break-even rent $1,067

Max offer price $120,000

Occupancy floor 91%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $120,000 Active 181 DOM
2. 2026-06-18
   days on market $120,000 Active 180 DOM
3. 2026-06-17
   days on market $120,000 Active 179 DOM
4. 2026-06-16
   days on market $120,000 Active 178 DOM
5. 2026-06-15
   days on market $120,000 Active 177 DOM
6. 2026-06-14
   days on market $120,000 Active 175 DOM
7. 2026-06-13
   pricedays on market $120,000 Active 174 DOM
8. 2026-06-10
   days on market $130,000 Active 172 DOM
9. 2026-06-09
   days on market $130,000 Active 171 DOM
10. 2026-06-08
    days on market $130,000 Active 170 DOM
11. 2026-06-07
    days on market $130,000 Active 169 DOM
12. 2026-06-05
    days on market $130,000 Active 166 DOM
13. 2026-06-02
    days on market $130,000 Active 164 DOM
14. 2026-06-01
    days on market $130,000 Active 163 DOM
15. 2026-05-31
    days on market $130,000 Active 162 DOM
16. 2026-05-30
    days on market $130,000 Active 161 DOM
17. 2026-04-15
    status Active 245-char remark

    Show marketing remark (245 chars)

    This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

18. 2026-04-08
    historical Contingent - Continue to Show 245-char remark

    Show marketing remark (245 chars)

    This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

19. 2026-01-14
    price $130,000 245-char remark

    Show marketing remark (245 chars)

    This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

20. 2026-01-12
    price $1,300,000 245-char remark

    Show marketing remark (245 chars)

    This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

21. 2026-01-08
    status Active 245-char remark

    Show marketing remark (245 chars)

    This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

22. 2026-01-05
    historical 245-char remark

    Show marketing remark (245 chars)

    This home is in a great location just at the edge of town with 2.4 acres giving you the space everyone is looking for. Home has good bones and just needs some of the final touches. It has newer windows and a roof that is only 5 or 6 yrs of age.

ⓘ 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: $1,961 · $163/mo
• Projected year-2 tax: $2,343 · $195/mo
• Expected delta: +$381/yr (+$32/mo · 19.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $13,427
• − Mortgage interest: −$6,722
• − Property taxes: −$1,961
• − Insurance: −$600
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$3,491
• Taxable loss: −$1,495
• Est. tax savings @ 24.0%: +$359
• After-tax cash flow: $853/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: Carterville CUSD 5
• NCES district ID: 1708640
• Math proficiency: 29% ▼ -16.00%
• Reading proficiency: 43% ▼ -18.00%
• Median HH income: $47,344
• Composite: 30.87/100
• National rank: #6122
• State rank: #185 of 620 in IL

Livability — Carterville

• Score: 75/100
• State rank: #211
• US rank: #3939

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carterville, IL
• County: Williamson County · 38,451 people
• City population: 10,658
• Metro: Carbondale-Marion, IL
• Population (ZIP): 10,658
• Household income: $70,920
• Rent vs Own: 36.0% rent · 64.0% own
• Severe rent burden: 240.0

Population outlook (Williamson County) Hauer SSP2

• Today (2025): 69,553 people
• By 2030: 70,090 · +0.8%
• By 2040: 70,345 · +1.1%
• By 2050: 69,394 · -0.2%
• By 2075: 63,590 · -8.6%
• By 2100: 51,154 · -26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 4% Hispanic / Latino 3% Asian 3% Black 2%
• Common ancestry: Slovak 4% Italian 2% Lithuanian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Williamson

• 2024 margin: Solid R (+38.8) · D 30.0% · R 68.8% · Other 1.3%
• 2008→2024 swing: -24.0pp toward R · 2008: -14.8pp · 2024: -38.8pp
• All cycles: 2024: R+38.8 2020: R+37.3 2016: R+41.2 2012: R+25.0 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -25.58%
• Current HPI: 159.1431
• Rent YoY: —
• Metro: Carbondale-Marion, IL
• 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

-90.0% since first listed

6 events — show timeline

• 2026-04-15 Relisted — MRED as Distributed by MLS Grid
• 2026-04-08 Contingent — MRED as Distributed by MLS Grid
• 2026-01-14 Price Changed $130,000 MRED as Distributed by MLS Grid
• 2026-01-12 Price Changed $1,300,000 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

Property tax history

+11.4%/yr

Latest (2025): $1,961 · +6.2% YoY. Source: county tax records.