2480 N Graceland AveDecaturIL62526
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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 2480 N Graceland Ave, Decatur, IL, 62526 offers $986/mo rent that, after a $4,160/mo payment. Total monthly income is $986/mo. Return on cash invested measures -1.01% in year one, and rental yield stands at 1.39% at a $850,000 entry. Equity gained on principal adds $5,485/yr while 5% annual appreciation compounds into $234,839 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $986/mo property income versus a $4,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1974
0.30 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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