3200 Piatt AveMattoonIL61938
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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 Mattoon at 3200 Piatt Ave, Mattoon, IL, 61938 uses $39,747 cash to close to unlock $902/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $907/mo, and a $587/mo payment keeps the spread at $75/mo. Purchase price stands at $119,900, and rental yield measures 9.08% with $907/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 116.14% and total cumulative return in cash records $46,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $907/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1926
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61938, Mattoon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,452 (100%) |
| Owner Occupied HU | 5,908 (56.5%) |
| Renter Occupied HU | 3,244 (31.0%) |
| Vacant Housing Units | 1,300 (12.4%) |
| Median Home Value | $120,975 |
| Average Home Value | $155,596 |
Housing Distribution
Address Breakdown
Residential
9,742
Single Family
9,027
Multi-Family
715
Businesses
936
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