2221 Western AveMattoonIL61938
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
Investment Highlights
Investment property for sale in Mattoon at 2221 Western Ave, Mattoon, IL, 61938 at $134,900 posts ROI 25.21% with $198/mo cash flow from $1,133/mo rent. Total monthly income equals $1,133/mo, and annual cash flow records $2,371/yr on $44,719 to close. Return on cash invested measures 25.21% and rental yield reads 10.08% at the current $134,900. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 by year five. Five-year ROI prints 132.3% and total cumulative return in cash totals $59,165.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,133/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1891
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61938, Mattoon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,452 (100%) |
| Owner Occupied HU | 5,908 (56.5%) |
| Renter Occupied HU | 3,244 (31.0%) |
| Vacant Housing Units | 1,300 (12.4%) |
| Median Home Value | $120,975 |
| Average Home Value | $155,596 |
Housing Distribution
Address Breakdown
Residential
9,742
Single Family
9,027
Multi-Family
715
Businesses
936
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