15 Mesa RdSpringfieldIL62702
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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 15 Mesa Rd, Springfield, IL, 62702 uses $82,709 cash to close to unlock $8,131/yr annual cash flow and $678/mo monthly cash flow. Total monthly income runs $2,408/mo, and a $1,221/mo payment keeps the spread at $678/mo. Purchase price stands at $249,500, and rental yield measures 11.58% with $2,408/mo rent. Return on cash invested shows 29.74% in year one, and 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 156.56% and total cumulative return in cash records $129,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,408/mo property income covering a $1,221/mo payment rather than investor’s personal income.
Single Family
Built in 1964
9,790 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62702, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,461 (100%) |
| Owner Occupied HU | 9,223 (52.8%) |
| Renter Occupied HU | 5,839 (33.4%) |
| Vacant Housing Units | 2,399 (13.7%) |
| Median Home Value | $107,233 |
| Average Home Value | $139,772 |
Housing Distribution
Address Breakdown
Residential
16,552
Single Family
14,916
Multi-Family
1,636
Businesses
931
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Listed by: Ryan Cherney • Circle One Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12444739