1620 S Lowell AveSpringfieldIL62704
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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 1620 S Lowell Ave, Springfield, IL, 62704 with 5% annual appreciation on a $211,000 basis while $1,836/mo rent supports operations. Total monthly income totals $1,836/mo and a $1,033/mo payment preserves $367/mo for cash returns. Annual cash flow comes to $4,406/yr on $69,947 deployed, and return on cash invested reaches 26.21% in year one. Equity gained on principal adds $1,362/yr, and five-year appreciation sums $58,295 alongside rental yield of 10.44%. Five-year ROI measures 137.7% and total cumulative return in cash totals $96,317.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,836/mo property income versus a $1,033/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
8,256 sqft lot
$N/A/sqft
$60 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: Crystal Germeraad • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036130
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.