1300 E Stanford AveSpringfieldIL62703
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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 1300 E Stanford Ave, Springfield, IL, 62703 priced at $134,900 pairs $2,676/mo rent with $1,741/mo cash flow after a $660/mo payment. Total monthly income equals $2,676/mo, and annual cash flow comes to $20,887/yr on $44,719 invested. Return on cash invested is 66.62% in year one, and rental yield stands at 23.8% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 354.35% and total cumulative return in cash reaches $158,465. For financing, Ziffy Mortgage’s DSCR program evaluates $2,676/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,000 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: Loretta H Johnson • Capital City Property Mgt. LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1030158
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.