1315 W Ridge LnChampaignIL61822
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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 Champaign at 1315 W Ridge Ln, Champaign, IL, 61822 earns $659/mo cash flow from $2,938/mo rent with a $1,608/mo payment. Total monthly income totals $2,938/mo, and annual cash flow totals $7,912/yr on $108,898 capital. ROI tracks 27.17% on current figures, and rental yield reads 10.73% at a $328,500 purchase. Equity gained on principal adds $2,120/yr, and 5% annual appreciation supports $90,758 over five years. Five-year ROI reaches 142.8% and total cumulative return in cash sums $155,504. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,938/mo property income instead of your personal income.
Single Family
Built in 2007
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61822, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 7,026 (63.5%) |
| Renter Occupied HU | 3,313 (30.0%) |
| Vacant Housing Units | 720 ( 6.5%) |
| Median Home Value | $286,817 |
| Average Home Value | $324,039 |
Housing Distribution
Address Breakdown
Residential
11,567
Single Family
10,481
Multi-Family
1,086
Businesses
686
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