1027 Cornell DrDecaturIL62522
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Decatur at 1027 Cornell Dr, Decatur, IL, 62522 priced at $199,900 converts $2,867/mo rent into $1,333/mo cash flow after a $978/mo obligation. Total monthly income equals $2,867/mo, and annual cash flow totals $15,995/yr on $66,267 invested. Return on cash invested prints 44.05% in year one, and rental yield reads 17.21% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 234.22% and total cumulative return in cash sums $155,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,867/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1989
14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62522, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,679 (52.2%) |
| Renter Occupied HU | 2,241 (31.8%) |
| Vacant Housing Units | 1,126 (16.0%) |
| Median Home Value | $106,976 |
| Average Home Value | $138,303 |
Housing Distribution
Address Breakdown
Residential
6,146
Single Family
5,195
Multi-Family
951
Businesses
235
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Listed by: Andis Combi • Realty ONE Group Leaders
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12159432
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)