408 N State St APT 9ChampaignIL61820
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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 Champaign at 408 N State St APT 9, Champaign, IL, 61820 offers a 14.76% rental yield on a $122,888 purchase with $1,512/mo rent. Total monthly income registers $1,512/mo, and a $601/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,677/yr on $40,737 to close, and return on cash invested stands at 26.48% in year one. Equity gained on principal adds $793/yr while 5% annual appreciation supports $33,952 over five years. Portfolio math shows five-year ROI at 143.84% and total cumulative return in cash at $58,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,512/mo property income against a $601/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1923
N/A lot
$N/A/sqft
$437 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61820, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,852 (100%) |
| Owner Occupied HU | 3,150 (15.9%) |
| Renter Occupied HU | 14,193 (71.5%) |
| Vacant Housing Units | 2,509 (12.6%) |
| Median Home Value | $196,218 |
| Average Home Value | $258,415 |
Housing Distribution
Address Breakdown
Residential
18,926
Single Family
7,064
Multi-Family
11,862
Businesses
1,745
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Listed by: PJ Trautman • Trautman Real Estate Agency & Appraisal LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #11992517
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)