310 S Glencoe AveDecaturIL62522
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
Rental property for sale in Decatur at 310 S Glencoe Ave, Decatur, IL, 62522 priced at $145,000 pairs $1,397/mo rent with $391/mo cash flow after a $710/mo payment. Total monthly income equals $1,397/mo, and annual cash flow comes to $4,691/yr on $48,068 invested. Return on cash invested is 29.67% in year one, and rental yield stands at 11.56% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 156.17% and total cumulative return in cash reaches $75,068. For financing, Ziffy Mortgage’s DSCR program evaluates $1,397/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62522, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,679 (52.2%) |
| Renter Occupied HU | 2,241 (31.8%) |
| Vacant Housing Units | 1,126 (16.0%) |
| Median Home Value | $106,976 |
| Average Home Value | $138,303 |
Housing Distribution
Address Breakdown
Residential
6,146
Single Family
5,195
Multi-Family
951
Businesses
235
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