1641 N Logan AveDanvilleIL61832
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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 Danville at 1641 N Logan Ave, Danville, IL, 61832 offers $1,050/mo rent that, after a $1,072/mo payment. Total monthly income is $1,050/mo. Return on cash invested measures 12.15% in year one, and rental yield stands at 5.75% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 62.25% and total cumulative return in cash reaches $45,189. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,050/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61832, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,410 (100%) |
| Owner Occupied HU | 7,791 (50.6%) |
| Renter Occupied HU | 5,398 (35.0%) |
| Vacant Housing Units | 2,221 (14.4%) |
| Median Home Value | $96,049 |
| Average Home Value | $135,574 |
Housing Distribution
Address Breakdown
Residential
14,513
Single Family
12,793
Multi-Family
1,720
Businesses
1,087
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