606 S Cottage Grove AveUrbanaIL61802
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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 606 S Cottage Grove Ave, Urbana, IL, 61802 priced at $170,000 converts $1,329/mo rent into $150/mo cash flow after a $832/mo obligation. Total monthly income equals $1,329/mo, and annual cash flow totals $1,799/yr on $56,355 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 9.38% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 120.94% and total cumulative return in cash sums $68,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,329/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1907
8,160 sqft 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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