309 E McHenry StUrbanaIL61801
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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
Rental property for sale in Urbana at 309 E McHenry St, Urbana, IL, 61801 priced at $266,000 pairs $2,542/mo rent with $562/mo cash flow after a $1,302/mo payment. Total monthly income equals $2,542/mo, and annual cash flow comes to $6,743/yr on $88,179 invested. Return on cash invested is 27.56% in year one, and rental yield stands at 11.47% on a $266,000 basis. Equity gained on principal adds $1,716/yr, and 5% annual appreciation accumulates to $73,491 by year five. Five-year ROI measures 145.48% and total cumulative return in cash reaches $128,285. For financing, Ziffy Mortgage’s DSCR program evaluates $2,542/mo property income against a $1,302/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61801, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,544 (100%) |
| Owner Occupied HU | 3,881 (28.7%) |
| Renter Occupied HU | 7,778 (57.4%) |
| Vacant Housing Units | 1,885 (13.9%) |
| Median Home Value | $200,772 |
| Average Home Value | $233,850 |
Housing Distribution
Address Breakdown
Residential
12,349
Single Family
6,950
Multi-Family
5,399
Businesses
565
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Nearby investment properties with comparable prices
Listed by: Darnell Cox • RE/MAX REALTY ASSOCIATES-CHA
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12381308
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)