423 Clearwater Dr #423ChampaignIL61822
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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 423 Clearwater Dr #423, Champaign, IL, 61822 uses $59,670 cash to close to unlock $11,130/yr annual cash flow and $928/mo monthly cash flow. Total monthly income runs $2,378/mo, and a $881/mo payment keeps the spread at $928/mo. Purchase price stands at $180,000, and rental yield measures 15.85% with $2,378/mo rent. Return on cash invested shows 38.56% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 205.36% and total cumulative return in cash records $122,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,378/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61822, Champaign, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 7,026 (63.5%) |
| Renter Occupied HU | 3,313 (30.0%) |
| Vacant Housing Units | 720 ( 6.5%) |
| Median Home Value | $286,817 |
| Average Home Value | $324,039 |
Housing Distribution
Address Breakdown
Residential
11,567
Single Family
10,481
Multi-Family
1,086
Businesses
686
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Listed by: Mark Waldhoff, CRS,GRI • KELLER WILLIAMS-TREC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12503160
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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. [Click here for more information](/mls-disclaimers/#17)