2422 E Washington StUrbanaIL61802
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 Urbana at 2422 E Washington St, Urbana, IL, 61802 uses $41,272 cash to close to unlock $1,570/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $994/mo, and a $609/mo payment keeps the spread at $131/mo. Purchase price stands at $124,500, and rental yield measures 9.58% with $994/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 124.25% and total cumulative return in cash records $51,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $609/mo payment rather than investor’s personal income.
Single Family
Built in 1964
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61802, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,708 (100%) |
| Owner Occupied HU | 5,274 (54.3%) |
| Renter Occupied HU | 3,527 (36.3%) |
| Vacant Housing Units | 907 ( 9.3%) |
| Median Home Value | $207,093 |
| Average Home Value | $226,420 |
Housing Distribution
Address Breakdown
Residential
9,614
Single Family
7,117
Multi-Family
2,497
Businesses
474
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Dallas • RYAN DALLAS REAL ESTATE
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12376073
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)