2707 Cherry Hills DrChampaignIL61822
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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 Champaign at 2707 Cherry Hills Dr, Champaign, IL, 61822 uses $107,704 cash to close to unlock $4,892/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $2,661/mo, and a $1,590/mo payment keeps the spread at $408/mo. Purchase price stands at $324,900, and rental yield measures 9.83% with $2,661/mo rent. Return on cash invested shows 24.45% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 128.19% and total cumulative return in cash records $138,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,661/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61822, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 7,026 (63.5%) |
| Renter Occupied HU | 3,313 (30.0%) |
| Vacant Housing Units | 720 ( 6.5%) |
| Median Home Value | $286,817 |
| Average Home Value | $324,039 |
Housing Distribution
Address Breakdown
Residential
11,567
Single Family
10,481
Multi-Family
1,086
Businesses
686
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