3310 Melissa Ln, Urbana, IL, 61802 | 5.82% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
864 sft

1005 E Michigan Ave, Urbana, IL, 61801

3 Bed
2 Bath
1590 sft

2521 Windward Blvd #0, Champaign, IL, 61821

3 Bed
3 Bath
2387 sft

2505 Windward Blvd #2505, Champaign, IL, 61821

3 Bed
2 Bath
1188 sft

2014 Blackthorn Dr #2014, Champaign, IL, 61821

Nearby investment properties with comparable prices

3 Bed
2 Bath
1661 sft

1204 Mayfair Rd, Champaign, IL, 61821

3 Bed
3 Bath
1764 sft

316 Deerpath Dr, Tolono, IL, 61880

3 Bed
3 Bath
2308 sft

201 N Spruce Dr, Mahomet, IL, 61853

3 Bed
3 Bath
2068 sft

802 W Indiana Ave, Urbana, IL, 61801

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Urbana at 3310 Melissa Ln, Urbana, IL, 61802 earns from $1,770/mo rent with a $1,786/mo payment. Total monthly income totals $1,770/mo. ROI tracks 12.36% on current figures, and rental yield reads 5.82% at a $364,900 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,815 over five years. Five-year ROI reaches 63.32% and total cumulative return in cash sums $76,596. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,770/mo property income instead of your personal income.

Single Family

Built in 2025

8,276 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 61802, Urbana, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,708 (100%)
Owner Occupied HU	5,274 (54.3%)
Renter Occupied HU	3,527 (36.3%)
Vacant Housing Units	907 ( 9.3%)
Median Home Value	$207,093
Average Home Value	$226,420