1626 Bates 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 1626 Bates Ave, Springfield, IL, 62704 earns $364/mo cash flow from $2,929/mo rent with a $1,810/mo payment. Total monthly income totals $2,929/mo, and annual cash flow totals $4,365/yr on $122,622 capital. ROI tracks 23.47% on current figures, and rental yield reads 9.5% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 122.91% and total cumulative return in cash sums $150,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,929/mo property income instead of your personal income.
Single Family
Built in 1960
9,720 sqft lot
$N/A/sqft
No 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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