28 Mahnke RdDecaturIL62526
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 Decatur at 28 Mahnke Rd, Decatur, IL, 62526 uses $46,377 cash to close to unlock $1,816/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,122/mo, and a $685/mo payment keeps the spread at $151/mo. Purchase price stands at $139,900, and rental yield measures 9.62% with $1,122/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 124.9% and total cumulative return in cash records $57,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,122/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices