2111 Melrose Dr #2111AChampaignIL61820
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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 Champaign at 2111 Melrose Dr #2111A, Champaign, IL, 61820 uses $43,062 cash to close to unlock $993/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $984/mo, and a $636/mo payment keeps the spread at $83/mo. Purchase price stands at $129,900, and rental yield measures 9.09% with $984/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 116.19% and total cumulative return in cash records $50,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $984/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61820, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,852 (100%) |
| Owner Occupied HU | 3,150 (15.9%) |
| Renter Occupied HU | 14,193 (71.5%) |
| Vacant Housing Units | 2,509 (12.6%) |
| Median Home Value | $196,218 |
| Average Home Value | $258,415 |
Housing Distribution
Address Breakdown
Residential
18,926
Single Family
7,064
Multi-Family
11,862
Businesses
1,745
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