2005 S Mattis Ave APT EChampaignIL61821
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2005 S Mattis Ave APT E, Champaign, IL, 61821 in Champaign hard to pass up. The 18.75% gross yield on a $108,000 purchase results in $1,687/mo in rent and $764/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.47). Annual cash flow of $9,166, five-year appreciation of $29,838, and $995/yr in equity build-up combine for a projected total cumulative return of $91,216.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.8% | 6.8% |
| Monthly Cash Flow | $764 | $450 |
City averages based on Champaign market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,687 |
| Total Monthly Debt Service | $880 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
N/A lot
$N/A/sqft
$172 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1981
N/A lot
$N/A/sqft
$172 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Young • KELLER WILLIAMS-TREC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12337131
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)