1022 N Walnut StSpringfieldIL62702
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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 1022 N Walnut St, Springfield, IL, 62702 offers a 9.06% rental yield on a $124,900 purchase with $943/mo rent. Total monthly income registers $943/mo, and a $611/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $924/yr on $41,404 to close, and return on cash invested stands at 22.14% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 115.78% and total cumulative return in cash at $47,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $943/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1889
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62702, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,461 (100%) |
| Owner Occupied HU | 9,223 (52.8%) |
| Renter Occupied HU | 5,839 (33.4%) |
| Vacant Housing Units | 2,399 (13.7%) |
| Median Home Value | $107,233 |
| Average Home Value | $139,772 |
Housing Distribution
Address Breakdown
Residential
16,552
Single Family
14,916
Multi-Family
1,636
Businesses
931
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Listed by: Kyle T Killebrew • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1041062