704 Shorewood Dr APT 3DecaturIL62521
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
Investment property for sale in Decatur at 704 Shorewood Dr APT 3, Decatur, IL, 62521 at $110,000 posts ROI 1.72% with from $570/mo rent. Total monthly income equals $570/mo. Return on cash invested measures 1.72% and rental yield reads 6.22% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 10.69% and total cumulative return in cash totals $3,900. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $570/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
1.76 Acres lot
$N/A/sqft
$360 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62521, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,648 (100%) |
| Owner Occupied HU | 10,782 (64.8%) |
| Renter Occupied HU | 3,964 (23.8%) |
| Vacant Housing Units | 1,902 (11.4%) |
| Median Home Value | $133,182 |
| Average Home Value | $178,889 |
Housing Distribution
Address Breakdown
Residential
15,410
Single Family
14,598
Multi-Family
812
Businesses
748
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