1901 N Lincoln Ave APT 316UrbanaIL61801
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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 1901 N Lincoln Ave APT 316, Urbana, IL, 61801 uses $46,410 cash to close to unlock $998/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,054/mo, and a $685/mo payment keeps the spread at $83/mo. Purchase price stands at $140,000, and rental yield measures 9.03% with $1,054/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 115.45% and total cumulative return in cash records $53,578. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,054/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61801, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,544 (100%) |
| Owner Occupied HU | 3,881 (28.7%) |
| Renter Occupied HU | 7,778 (57.4%) |
| Vacant Housing Units | 1,885 (13.9%) |
| Median Home Value | $200,772 |
| Average Home Value | $233,850 |
Housing Distribution
Address Breakdown
Residential
12,349
Single Family
6,950
Multi-Family
5,399
Businesses
565
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