1803 Oliver Dr #3UrbanaIL61802
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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 Urbana at 1803 Oliver Dr #3, Urbana, IL, 61802 offers a 9.78% rental yield on a $117,500 purchase with $958/mo rent. 73% in year one. Equity gained on principal adds $758/yr while 5% annual appreciation supports $32,463 over five years. Portfolio math shows five-year ROI at 99.55% and total cumulative return in cash at $38,774. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $958/mo property income against a $575/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61802, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,708 (100%) |
| Owner Occupied HU | 5,274 (54.3%) |
| Renter Occupied HU | 3,527 (36.3%) |
| Vacant Housing Units | 907 ( 9.3%) |
| Median Home Value | $207,093 |
| Average Home Value | $226,420 |
Housing Distribution
Address Breakdown
Residential
9,614
Single Family
7,117
Multi-Family
2,497
Businesses
474
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Listed by: Jill Hess • RE/MAX REALTY ASSOCIATES-CHA
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12380531
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)