1124 Steeplechase Ln, Springfield, IL, 62712 | $11/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Springfield at 1124 Steeplechase Ln, Springfield, IL, 62712 offers $1,918/mo rent that, after a $1,346/mo payment, leaves $11/mo cash flow. Total monthly income is $1,918/mo, and annual cash flow is $126/yr on $91,163 cash. Return on cash invested measures 20.05% in year one, and rental yield stands at 8.37% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 104.59% and total cumulative return in cash reaches $95,351. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,918/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1984

0.27 Acres lot

$N/A/sqft

No HOA