2521 Western AveMattoonIL61938
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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 Mattoon at 2521 Western Ave, Mattoon, IL, 61938 with 5% annual appreciation on a $199,500 basis while $1,538/mo rent supports operations. Total monthly income totals $1,538/mo and a $976/mo payment preserves $155/mo for cash returns. Annual cash flow comes to $1,856/yr on $66,134 deployed, and return on cash invested reaches 22.72% in year one. Equity gained on principal adds $1,287/yr, and five-year appreciation sums $55,118 alongside rental yield of 9.25%. Five-year ROI measures 118.9% and total cumulative return in cash totals $78,631.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,538/mo property income versus a $976/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1906
7,405 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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