1536 N Springfield StVirdenIL62690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Virden at 1536 N Springfield St, Virden, IL, 62690 offers a 8.36% rental yield on a $225,000 purchase with $1,567/mo rent. Total monthly income registers $1,567/mo, and a $1,101/mo payment leaves $7/mo available for distribution. Annual cash flow reaches $79/yr on $74,588 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 104.41% and total cumulative return in cash at $77,877. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,567/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices