116 Davinci DrSpringfieldIL62703
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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 Davinci Dr, Springfield, IL, 62703 with 5% annual appreciation on a $238,000 basis while $1,657/mo rent supports operations. Total monthly income totals $1,657/mo and a $1,165/mo payment preserves $6/mo for cash returns. Annual cash flow comes to $73/yr on $78,897 deployed, and return on cash invested reaches 20% in year one. Equity gained on principal adds $1,536/yr, and five-year appreciation sums $65,755 alongside rental yield of 8.35%. Five-year ROI measures 104.37% and total cumulative return in cash totals $82,342.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,657/mo property income versus a $1,165/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
6,650 sqft lot
$N/A/sqft
No 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: David Zhang • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1038240