1908 Sangamon DrChampaignIL61821
Nearby investment properties with comparable rents
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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 1908 Sangamon Dr, Champaign, IL, 61821 priced at $232,000 converts $2,838/mo rent into $1,228/mo cash flow after a $1,136/mo obligation. Total monthly income equals $2,838/mo, and annual cash flow totals $14,740/yr on $76,908 invested. Return on cash invested prints 39.07% in year one, and rental yield reads 14.68% against a $232,000 entry. Equity gained on principal adds $1,497/yr, while 5% annual appreciation compiles into $64,097 by year five. Five-year ROI reaches 206.65% and total cumulative return in cash sums $158,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,838/mo property income covering a $1,136/mo payment, not borrower’s personal income.
Single Family
Built in 1958
10,028 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61821, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,438 (100%) |
| Owner Occupied HU | 7,948 (55.0%) |
| Renter Occupied HU | 5,168 (35.8%) |
| Vacant Housing Units | 1,322 ( 9.2%) |
| Median Home Value | $200,906 |
| Average Home Value | $243,819 |
Housing Distribution
Address Breakdown
Residential
12,843
Single Family
11,539
Multi-Family
1,304
Businesses
576
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Listed by: Carol Meinhart • The Real Estate Group,Inc
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12146435
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