616 Erin DrChampaignIL61822
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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 616 Erin Dr, Champaign, IL, 61822 at $235,000 posts ROI 28.14% with $534/mo cash flow from $2,164/mo rent. Total monthly income equals $2,164/mo, and annual cash flow records $6,410/yr on $77,903 to close. Return on cash invested measures 28.14% and rental yield reads 11.05% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 147.99% and total cumulative return in cash totals $115,288.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1997
5,500 sqft 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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