314 W Decatur StDecaturIL62522
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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 Decatur at 314 W Decatur St, Decatur, IL, 62522 offers $2,490/mo rent that, after a $1,644/mo payment, leaves $160/mo cash flow. Total monthly income is $2,490/mo, and annual cash flow is $1,922/yr on $111,351 cash. Return on cash invested measures 21.64% in year one, and rental yield stands at 8.9% at a $335,900 entry. Equity gained on principal adds $2,168/yr while 5% annual appreciation compounds into $92,803 by year five. Five-year ROI records 113.1% and total cumulative return in cash reaches $125,943. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,490/mo property income versus a $1,644/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1875
0.52 Acres 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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