2150 W Melrose DrDecaturIL62526
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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 Decatur at 2150 W Melrose Dr, Decatur, IL, 62526 priced at $185,000 pairs $3,154/mo rent with $1,733/mo cash flow after a $905/mo payment. Total monthly income equals $3,154/mo, and annual cash flow comes to $20,800/yr on $61,328 invested. Return on cash invested is 53.83% in year one, and rental yield stands at 20.46% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 286.72% and total cumulative return in cash reaches $175,839. For financing, Ziffy Mortgage’s DSCR program evaluates $3,154/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62526, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 8,507 (53.0%) |
| Renter Occupied HU | 5,728 (35.7%) |
| Vacant Housing Units | 1,816 (11.3%) |
| Median Home Value | $95,635 |
| Average Home Value | $124,329 |
Housing Distribution
Address Breakdown
Residential
14,951
Single Family
12,539
Multi-Family
2,412
Businesses
1,015
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Listed by: Nicole Pinkston • Vieweg RE/Better Homes & Gardens Real Estate-Service First
Mls Name: CIBR
Mls Provider:
Mls ID: #6251863
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.