1606 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
Investment property for sale in Springfield at 1606 E Stanford Ave, Springfield, IL, 62703 listed at $156,000 pairs $1,880/mo rent with a $764/mo payment to leave $798/mo cash flow. Total monthly income runs $1,880/mo, and annual cash flow reaches $9,570/yr on $51,714 cash to close. Return on cash invested measures 38.41% in year one, and rental yield registers 14.46% at a $156,000 basis. Equity gained on principal adds $1,007/yr, and annual property appreciation at 5% supports $43,100 by year five. Five-year ROI tracks 203.1% and total cumulative return in cash totals $105,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,880/mo property income relative to a $764/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
10,232 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: Mayu Hernandez • Capital City Property Mgt. LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031493
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.