709 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 709 Erin Dr, Champaign, IL, 61822 priced at $255,900 converts $2,520/mo rent into $745/mo cash flow after a $1,253/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $8,934/yr on $84,831 invested. Return on cash invested prints 30.44% in year one, and rental yield reads 11.82% against a $255,900 entry. Equity gained on principal adds $1,651/yr, while 5% annual appreciation compiles into $70,700 by year five. Five-year ROI reaches 160.32% and total cumulative return in cash sums $135,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,253/mo payment, not borrower’s personal income.
Single Family
Built in 1998
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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