330 W Garfield Avenue, Decatur, IL 62526

Local realty services provided by:Better Homes and Gardens Real Estate Service First
330 W Garfield Avenue,Decatur, IL 62526
$43,000
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  • 2 Beds
  • 1 Baths
  • 676 sq. ft.
  • Single family
  • Pending
Listed by: tony piraino
Office: brinkoetter realtors
MLS#:6256575
Source:IL_CIBOR

Price summary

  • Price:$43,000
  • Price per sq. ft.:$63.61

About this home

Investor-friendly 2-bed ranch with proven rental history and strong cash-flow metrics. Previously rented for $625/month, this property presents an excellent opportunity for buyers seeking immediate income and favorable cash-on-cash returns. Recent capital improvements include replacement windows, a new roof in 2021, and a new electrical panel in 2025, helping reduce near-term maintenance risk. The home also features an unfinished basement. At a $45,000 purchase price, the numbers are compelling: Estimated monthly P&I: ~$269 (20% down, 6.5% interest, 20-year amortization), Estimated monthly cash flow: ~$356, Estimated annual cash flow: ~$4,275, Estimated cash-on-cash return: ~47% (based on ~$9,000 down payment), Estimated annual ROI: ~47% (excluding appreciation and tax benefits). HVAC and water heater ages are unknown, allowing investors to underwrite conservatively while still benefiting from recent major updates. Affordable entry point, strong yield, and proven rent

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Home facts

  • Year built:1925
  • Listing ID #:6256575
  • Added:44 day(s) ago
  • Updated:January 30, 2026 at 07:43 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:676 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1925
  • Building area:676 sq. ft.
  • Lot area:0.05 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$43,000
  • Price per sq. ft.:$63.61
  • Tax amount:$415 (2024)

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