506 Spring CirUrbanaIL61802
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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 Urbana at 506 Spring Cir, Urbana, IL, 61802 offers $1,501/mo rent that, after a $612/mo payment, leaves $634/mo cash flow. Total monthly income is $1,501/mo, and annual cash flow is $7,605/yr on $41,438 cash. Return on cash invested measures 38.26% in year one, and rental yield stands at 14.41% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 202.26% and total cumulative return in cash reaches $83,813. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,501/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
N/A 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 |
Housing Distribution
Address Breakdown
Residential
9,614
Single Family
7,117
Multi-Family
2,497
Businesses
474
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