101 W Hawkeye WaySpringfieldIL62707
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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 Springfield at 101 W Hawkeye Way, Springfield, IL, 62707 with 5% annual appreciation on a $189,900 basis while $1,507/mo rent supports operations. Total monthly income totals $1,507/mo and a $929/mo payment preserves $190/mo for cash returns. Annual cash flow comes to $2,283/yr on $62,952 deployed, and return on cash invested reaches 23.54% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 9.52%. Five-year ROI measures 123.32% and total cumulative return in cash totals $77,633.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,507/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62707, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,719 (100%) |
| Owner Occupied HU | 2,884 (77.5%) |
| Renter Occupied HU | 519 (14.0%) |
| Vacant Housing Units | 316 ( 8.5%) |
| Median Home Value | $176,144 |
| Average Home Value | $226,551 |
Housing Distribution
Address Breakdown
Residential
3,314
Single Family
3,314
Multi-Family
0
Businesses
199
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Listed by: Cathy L Camille • Century 21 Real Estate Assoc
Mls Name: RMLS Alliance
Mls ID: #CA1039012