1606 E Barrington AveDecaturIL62526
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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
Rental property for sale in Decatur at 1606 E Barrington Ave, Decatur, IL, 62526 priced at $140,000 converts $1,104/mo rent into $133/mo cash flow after a $685/mo obligation. Total monthly income equals $1,104/mo, and annual cash flow totals $1,598/yr on $46,410 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.46% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 122.4% and total cumulative return in cash sums $56,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,104/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1969
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62526, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 8,507 (53.0%) |
| Renter Occupied HU | 5,728 (35.7%) |
| Vacant Housing Units | 1,816 (11.3%) |
| Median Home Value | $95,635 |
| Average Home Value | $124,329 |
Housing Distribution
Address Breakdown
Residential
14,951
Single Family
12,539
Multi-Family
2,412
Businesses
1,015
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