18 Dean Park DrSpringfieldIL62707
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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 18 Dean Park Dr, Springfield, IL, 62707 priced at $275,000 converts $1,236/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,236/mo. Return on cash invested prints 11.07% in year one, and rental yield reads 5.39% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 56.43% and total cumulative return in cash sums $51,443. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,236/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62707, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,719 (100%) |
| Owner Occupied HU | 2,884 (77.5%) |
| Renter Occupied HU | 519 (14.0%) |
| Vacant Housing Units | 316 ( 8.5%) |
| Median Home Value | $176,144 |
| Average Home Value | $226,551 |
Housing Distribution
Address Breakdown
Residential
3,314
Single Family
3,314
Multi-Family
0
Businesses
199
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Listed by: Andrew Kinney • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1040970