615 Erin DrChampaignIL61822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Champaign at 615 Erin Dr, Champaign, IL, 61822 offers $1,721/mo rent that, after a $1,174/mo payment, leaves $57/mo cash flow. Total monthly income is $1,721/mo, and annual cash flow is $686/yr on $79,527 cash. Return on cash invested measures 20.77% in year one, and rental yield stands at 8.61% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 108.5% and total cumulative return in cash reaches $86,287. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,721/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No 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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