360 W Prairie AveDecaturIL62522
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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 360 W Prairie Ave, Decatur, IL, 62522 priced at $121,500 converts $1,590/mo rent into $747/mo cash flow after a $595/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $8,963/yr on $40,277 invested. Return on cash invested prints 42.16% in year one, and rental yield reads 15.7% against a $121,500 entry. Equity gained on principal adds $784/yr, while 5% annual appreciation compiles into $33,568 by year five. Five-year ROI reaches 223.18% and total cumulative return in cash sums $89,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $595/mo payment, not borrower’s personal income.
Single Family
Built in 1890
6,969 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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