1122 Springfield StKincaidIL62540
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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 Kincaid at 1122 Springfield St, Kincaid, IL, 62540 offers a 9.71% rental yield on a $169,900 purchase with $1,375/mo rent. Total monthly income registers $1,375/mo, and a $832/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,353/yr on $56,322 to close, and return on cash invested stands at 24.09% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 126.31% and total cumulative return in cash at $71,138. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,375/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62540, Kincaid, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 479 (69.0%) |
| Renter Occupied HU | 140 (20.2%) |
| Vacant Housing Units | 75 (10.8%) |
| Median Home Value | $121,516 |
| Average Home Value | $149,796 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
35
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