1077 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
Investment property for sale in Decatur at 1077 Cornell Dr, Decatur, IL, 62522 offers a 10.89% rental yield on a $274,500 purchase with $2,490/mo rent. Total monthly income registers $2,490/mo, and a $1,344/mo payment leaves $586/mo available for distribution. Annual cash flow reaches $7,027/yr on $90,997 to close, and return on cash invested stands at 27.63% in year one. Equity gained on principal adds $1,771/yr while 5% annual appreciation supports $75,839 over five years. Portfolio math shows five-year ROI at 145.24% and total cumulative return in cash at $132,166. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,490/mo property income against a $1,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices