504 W Florida AveUrbanaIL61801
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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 Urbana at 504 W Florida Ave, Urbana, IL, 61801 with 5% annual appreciation on a $341,600 basis while $2,873/mo rent supports operations. 96% in year one. Equity gained on principal adds $2,204/yr, and five-year appreciation sums $94,378 alongside rental yield of 10.09%. Five-year ROI measures 101.04% and total cumulative return in cash totals $114,413. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,873/mo property income versus a $1,672/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61801, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,544 (100%) |
| Owner Occupied HU | 3,881 (28.7%) |
| Renter Occupied HU | 7,778 (57.4%) |
| Vacant Housing Units | 1,885 (13.9%) |
| Median Home Value | $200,772 |
| Average Home Value | $233,850 |
Housing Distribution
Address Breakdown
Residential
12,349
Single Family
6,950
Multi-Family
5,399
Businesses
565
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