719 Cates Dr #15YM1BMahometIL61853
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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 Mahomet at 719 Cates Dr #15YM1B, Mahomet, IL, 61853 listed at $433,100 pairs $3,556/mo rent with a $2,120/mo payment to leave $544/mo cash flow. Total monthly income runs $3,556/mo, and annual cash flow reaches $6,525/yr on $143,573 cash to close. Return on cash invested measures 24.45% in year one, and rental yield registers 9.85% at a $433,100 basis. Equity gained on principal adds $2,795/yr, and annual property appreciation at 5% supports $119,658 by year five. Five-year ROI tracks 128.22% and total cumulative return in cash totals $184,084. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,556/mo property income relative to a $2,120/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
N/A lot
$N/A/sqft
$8 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61853, Mahomet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,053 (100%) |
| Owner Occupied HU | 4,558 (75.3%) |
| Renter Occupied HU | 997 (16.5%) |
| Vacant Housing Units | 498 ( 8.2%) |
| Median Home Value | $296,520 |
| Average Home Value | $324,365 |
Housing Distribution
Address Breakdown
Residential
5,793
Single Family
5,101
Multi-Family
692
Businesses
379
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