135 E Prairie Ave #1-4DecaturIL62523
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 135 E Prairie Ave #1-4, Decatur, IL, 62523 generates $1,080/mo in rent, after a $2,765/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 1.74% in year one, and rental yield is 2.29% on a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 6.35% and total cumulative return in cash sums $11,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Multi Family
Built in 1880
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62523, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 275 (100%) |
| Owner Occupied HU | 24 ( 8.7%) |
| Renter Occupied HU | 179 (65.1%) |
| Vacant Housing Units | 72 (26.2%) |
| Median Home Value | $153,125 |
| Average Home Value | $140,208 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
43
Multi-Family
343
Businesses
366
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
