104 N Main St, Spaulding, IL, 62561 | $443/mo Cash Flow

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1900 sft

75 Brighton Rd, Springfield, IL, 62702

4 Bed
2 Bath
2412 sft

9 Iroquois St, Springfield, IL, 62711

3 Bed
2 Bath
1515 sft

421 Outer Park Dr, Springfield, IL, 62704

3 Bed
2 Bath
1736 sft

2421 Arrowhead Dr, Springfield, IL, 62702

Nearby investment properties with comparable prices

3 Bed
2 Bath
1842 sft

221 S 3rd St, Riverton, IL, 62561

3 Bed
2 Bath
1402 sft

1005 N Park Ave, Chatham, IL, 62629

2 Bed
2 Bath
1188 sft

1811 S Buhr Mill Ct, Springfield, IL, 62704

2 Bed
1 Bath
1232 sft

17982 State Park Rd, Petersburg, IL, 62675

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Spaulding at 104 N Main St, Spaulding, IL, 62561 priced at $240,000 converts $2,108/mo rent into $443/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,108/mo, and annual cash flow totals $5,316/yr on $79,560 invested. Return on cash invested prints 26.59% in year one, and rental yield reads 10.54% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 139.64% and total cumulative return in cash sums $111,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,108/mo property income covering a $1,175/mo payment, not borrower’s personal income.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA