1609 Moorwood DrDecaturIL62521
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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 1609 Moorwood Dr, Decatur, IL, 62521 offers a 11.89% rental yield on a $194,000 purchase with $1,922/mo rent. Total monthly income registers $1,922/mo, and a $950/mo payment leaves $576/mo available for distribution. Annual cash flow reaches $6,911/yr on $64,311 to close, and return on cash invested stands at 30.66% in year one. Equity gained on principal adds $1,252/yr while 5% annual appreciation supports $53,599 over five years. Portfolio math shows five-year ROI at 161.45% and total cumulative return in cash at $103,832. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,922/mo property income against a $950/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.46 Acres 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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