883 Hancock DrDecaturIL62521
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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 Decatur at 883 Hancock Dr, Decatur, IL, 62521 listed at $174,500 pairs $1,020/mo rent with a $854/mo payment. Total monthly income runs $1,020/mo. Return on cash invested measures 15.96% in year one, and rental yield registers 7.01% at a $174,500 basis. Equity gained on principal adds $1,126/yr, and annual property appreciation at 5% supports $48,211 by year five. Five-year ROI tracks 82.68% and total cumulative return in cash totals $47,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $854/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62521, Decatur, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,648 (100%) |
| Owner Occupied HU | 10,782 (64.8%) |
| Renter Occupied HU | 3,964 (23.8%) |
| Vacant Housing Units | 1,902 (11.4%) |
| Median Home Value | $133,182 |
| Average Home Value | $178,889 |
Housing Distribution
Address Breakdown
Residential
15,410
Single Family
14,598
Multi-Family
812
Businesses
748
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