1004 E Harding Dr APT 303UrbanaIL61801
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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
Investment property for sale in Urbana at 1004 E Harding Dr APT 303, Urbana, IL, 61801 offers a 9.26% rental yield on a $112,900 purchase with $871/mo rent. Total monthly income registers $871/mo, and a $553/mo payment leaves $88/mo available for distribution. Annual cash flow reaches $1,050/yr on $37,426 to close, and return on cash invested stands at 22.71% in year one. Equity gained on principal adds $729/yr while 5% annual appreciation supports $31,192 over five years. Portfolio math shows five-year ROI at 118.92% and total cumulative return in cash at $44,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $871/mo property income against a $553/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61801, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,544 (100%) |
| Owner Occupied HU | 3,881 (28.7%) |
| Renter Occupied HU | 7,778 (57.4%) |
| Vacant Housing Units | 1,885 (13.9%) |
| Median Home Value | $200,772 |
| Average Home Value | $233,850 |
Housing Distribution
Address Breakdown
Residential
12,349
Single Family
6,950
Multi-Family
5,399
Businesses
565
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