1516 Hosta StSpringfieldIL62712
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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 1516 Hosta St, Springfield, IL, 62712 priced at $299,900 pairs $2,270/mo rent with $190/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,270/mo, and annual cash flow comes to $2,276/yr on $99,417 invested. Return on cash invested is 22.2% in year one, and rental yield stands at 9.08% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 116.11% and total cumulative return in cash reaches $115,432. For financing, Ziffy Mortgage’s DSCR program evaluates $2,270/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
9,590 sqft lot
$N/A/sqft
No HOA
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Listed by: Jim Fulgenzi • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035768
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.