1701 Dewitt AveMattoonIL61938
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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 Mattoon at 1701 Dewitt Ave, Mattoon, IL, 61938 generates $1,690/mo in rent and, after a $905/mo payment, leaves $407/mo in cash flow. Total monthly income is $1,690/mo, and annual cash flow is $4,887/yr on $61,328 invested. Return on cash invested sits at 27.88% in year one, and rental yield is 10.96% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 146.6% and total cumulative return in cash sums $89,907. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,690/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61938, Mattoon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,452 (100%) |
| Owner Occupied HU | 5,908 (56.5%) |
| Renter Occupied HU | 3,244 (31.0%) |
| Vacant Housing Units | 1,300 (12.4%) |
| Median Home Value | $120,975 |
| Average Home Value | $155,596 |
Housing Distribution
Address Breakdown
Residential
9,742
Single Family
9,027
Multi-Family
715
Businesses
936
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