1605 E Clay StDecaturIL62521
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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 Decatur at 1605 E Clay St, Decatur, IL, 62521 uses $35,471 cash to close to unlock $3,330/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $524/mo payment keeps the spread at $278/mo. Purchase price stands at $107,000, and rental yield measures 11.44% with $1,020/mo rent. Return on cash invested shows 29.3% in year one, and 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 154.25% and total cumulative return in cash records $54,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $524/mo payment rather than investor’s personal income.
Single Family
Built in 1914
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62521, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,648 (100%) |
| Owner Occupied HU | 10,782 (64.8%) |
| Renter Occupied HU | 3,964 (23.8%) |
| Vacant Housing Units | 1,902 (11.4%) |
| Median Home Value | $133,182 |
| Average Home Value | $178,889 |
Housing Distribution
Address Breakdown
Residential
15,410
Single Family
14,598
Multi-Family
812
Businesses
748
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