1805 Mullikin DrChampaignIL61822
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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 Champaign at 1805 Mullikin Dr, Champaign, IL, 61822 generates $5,776/mo in rent and, after a $3,255/mo payment, leaves $1,163/mo in cash flow. Total monthly income is $5,776/mo, and annual cash flow is $13,959/yr on $218,785 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 10.42% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash sums $303,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,776/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61822, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 7,026 (63.5%) |
| Renter Occupied HU | 3,313 (30.0%) |
| Vacant Housing Units | 720 ( 6.5%) |
| Median Home Value | $286,817 |
| Average Home Value | $324,039 |
Housing Distribution
Address Breakdown
Residential
11,567
Single Family
10,481
Multi-Family
1,086
Businesses
686
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