281 W Prairie AveDecaturIL62523
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeCapital preservation and steady income define 281 W Prairie Ave, Decatur, IL, 62523 in Decatur. Rental yield 8%. The 1.48 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $44,758 and $1,492/yr in principal reduction project total return of $59,209.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 8.0% |
| Monthly Cash Flow | $(44) | $300 |
City averages based on Decatur market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $1,059 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62523, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 275 (100%) |
| Owner Occupied HU | 24 ( 8.7%) |
| Renter Occupied HU | 179 (65.1%) |
| Vacant Housing Units | 72 (26.2%) |
| Median Home Value | $153,125 |
| Average Home Value | $140,208 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
43
Multi-Family
343
Businesses
366
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
Multi Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62523, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 275 (100%) |
| Owner Occupied HU | 24 ( 8.7%) |
| Renter Occupied HU | 179 (65.1%) |
| Vacant Housing Units | 72 (26.2%) |
| Median Home Value | $153,125 |
| Average Home Value | $140,208 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
43
Multi-Family
343
Businesses
366
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices