108 Cartwright DrSpringfieldIL62704
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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 108 Cartwright Dr, Springfield, IL, 62704 at $219,900 posts ROI 28.96% with $550/mo cash flow from $2,075/mo rent. Total monthly income equals $2,075/mo, and annual cash flow records $6,600/yr on $72,897 to close. Return on cash invested measures 28.96% and rental yield reads 11.32% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 152.46% and total cumulative return in cash totals $111,136.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,075/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
8,775 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: Neil J Martin • The Orchid Group Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1038882