709 E Michigan AveUrbanaIL61801
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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 709 E Michigan Ave, Urbana, IL, 61801 uses $49,062 cash to close to unlock $4,666/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $1,415/mo, and a $724/mo payment keeps the spread at $389/mo. Purchase price stands at $148,000, and rental yield measures 11.47% with $1,415/mo rent. Return on cash invested shows 29.42% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 154.85% and total cumulative return in cash records $75,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,415/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,440 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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