111 Country PlSpringfieldIL62703
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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
Rental property for sale in Springfield at 111 Country Pl, Springfield, IL, 62703 priced at $235,000 pairs $2,544/mo rent with $345/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,544/mo, and annual cash flow comes to $4,144/yr on $77,903 invested. Return on cash invested is 25.23% in year one, and rental yield stands at 12.99% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 135.56% and total cumulative return in cash reaches $105,604. For financing, Ziffy Mortgage’s DSCR program evaluates $2,544/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
N/A lot
$N/A/sqft
$527 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62703, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 6,719 (48.7%) |
| Renter Occupied HU | 5,111 (37.0%) |
| Vacant Housing Units | 1,966 (14.3%) |
| Median Home Value | $106,497 |
| Average Home Value | $153,646 |
Housing Distribution
Address Breakdown
Residential
12,927
Single Family
11,565
Multi-Family
1,362
Businesses
1,237
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Listed by: Jeff Lochbaum • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036659
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.