816 Grant AveMattoonIL61938
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 Mattoon at 816 Grant Ave, Mattoon, IL, 61938 uses $44,587 cash to close to unlock $3,917/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $1,259/mo, and a $658/mo payment keeps the spread at $326/mo. Purchase price stands at $134,500, and rental yield measures 11.23% with $1,259/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $37,160 over five years. Five-year ROI reaches 151.01% and total cumulative return in cash records $67,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,259/mo property income covering a $658/mo payment rather than investor’s personal income.
Single Family
Built in 1959
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61938, Mattoon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,452 (100%) |
| Owner Occupied HU | 5,908 (56.5%) |
| Renter Occupied HU | 3,244 (31.0%) |
| Vacant Housing Units | 1,300 (12.4%) |
| Median Home Value | $120,975 |
| Average Home Value | $155,596 |
Housing Distribution
Address Breakdown
Residential
9,742
Single Family
9,027
Multi-Family
715
Businesses
936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices