305 W University Ave APT 4ChampaignIL61820
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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 305 W University Ave APT 4, Champaign, IL, 61820 listed at $309,900 pairs $2,355/mo rent with a $1,517/mo payment to leave $205/mo cash flow. Total monthly income runs $2,355/mo, and annual cash flow reaches $2,463/yr on $102,732 cash to close. Return on cash invested measures 22.31% in year one, and rental yield registers 9.12% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 116.7% and total cumulative return in cash totals $119,892. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,355/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1928
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61820, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,852 (100%) |
| Owner Occupied HU | 3,150 (15.9%) |
| Renter Occupied HU | 14,193 (71.5%) |
| Vacant Housing Units | 2,509 (12.6%) |
| Median Home Value | $196,218 |
| Average Home Value | $258,415 |
Housing Distribution
Address Breakdown
Residential
18,926
Single Family
7,064
Multi-Family
11,862
Businesses
1,745
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