704 W Illinois StUrbanaIL61801
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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 Urbana at 704 W Illinois St, Urbana, IL, 61801 listed at $390,250 pairs $2,019/mo rent with a $1,910/mo payment. Total monthly income runs $2,019/mo. Return on cash invested measures 13.53% in year one, and rental yield registers 6.21% at a $390,250 basis. Equity gained on principal adds $2,518/yr, and annual property appreciation at 5% supports $107,819 by year five. Five-year ROI tracks 69.65% and total cumulative return in cash totals $90,099. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,019/mo property income relative to a $1,910/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1893
3,790 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61801, Urbana, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,544 (100%) |
| Owner Occupied HU | 3,881 (28.7%) |
| Renter Occupied HU | 7,778 (57.4%) |
| Vacant Housing Units | 1,885 (13.9%) |
| Median Home Value | $200,772 |
| Average Home Value | $233,850 |
Housing Distribution
Address Breakdown
Residential
12,349
Single Family
6,950
Multi-Family
5,399
Businesses
565
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