2284 Grandview 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
Investment property for sale in Decatur at 2284 Grandview Dr, Decatur, IL, 62526 offers a 15.44% rental yield on a $144,000 purchase with $1,853/mo rent. Total monthly income registers $1,853/mo, and a $705/mo payment leaves $854/mo available for distribution. Annual cash flow reaches $10,248/yr on $47,736 to close, and return on cash invested stands at 41.38% in year one. Equity gained on principal adds $929/yr while 5% annual appreciation supports $39,785 over five years. Portfolio math shows five-year ROI at 218.92% and total cumulative return in cash at $104,502. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,853/mo property income against a $705/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.26 Acres 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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