1570 W Wood St

Decatur, IL 62522
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8 bd, 4 ba | 3,055 sqft | Built in 1923

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List Price
$149,900

Initial Investment

$41,563

Purchase Price

$141,000

Down Payment

25%

Rent

$2,445

Total Return

$75,247

Annualized Return

26.9%

Cap Rate

10.2%

Gross Yield

20.8%

Cash Flow

$5,281

Appreciation

6.3%
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Features

Occupancy

Occupied

Lease Start

12/06/2019

Lease End

05/31/2020

Property Type

Fourplex

Lot Size

10,730

HOA

None

Flood Risk

Not Required

  • New roof installed in 2019, all kitchens have been updated
  • Fourplex - 3 of 4 units are occupied (update: 4th unit recently leased at $595). Water/ sewer for all 4 units is $140-$150 & there is public space utilities which is $60-$75
  • Impressive return and solid 3.5 star neighborhood
  • Onsite laundry (potential additional income)

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Annual Financial Highlights

Expected Rent

$27,873

Expenses

-$9,726

Property Taxes

-$5,200

Loan Payments

-$7,666

Net Cash Flow

$5,281

See more in Financials

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