116 Buckhorn DrSpringfieldIL62707
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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 116 Buckhorn Dr, Springfield, IL, 62707 listed at $275,000 pairs $1,863/mo rent with a $1,346/mo payment. Total monthly income runs $1,863/mo. Return on cash invested measures 19.32% in year one, and rental yield registers 8.13% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 100.71% and total cumulative return in cash totals $91,811. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,863/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in 1972
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62707, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,719 (100%) |
| Owner Occupied HU | 2,884 (77.5%) |
| Renter Occupied HU | 519 (14.0%) |
| Vacant Housing Units | 316 ( 8.5%) |
| Median Home Value | $176,144 |
| Average Home Value | $226,551 |
Housing Distribution
Address Breakdown
Residential
3,314
Single Family
3,314
Multi-Family
0
Businesses
199
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Listed by: N/A • N/A
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