1821 S Pasfield StSpringfieldIL62704
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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 1821 S Pasfield St, Springfield, IL, 62704 generates $1,686/mo in rent and, after a $622/mo payment, leaves $805/mo in cash flow. Total monthly income is $1,686/mo, and annual cash flow is $9,656/yr on $42,101 invested. Return on cash invested sits at 42.85% in year one, and rental yield is 15.93% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 226.85% and total cumulative return in cash sums $95,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,686/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
5,277 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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Listed by: Kevin G Graham • Century 21 Real Estate Assoc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038694
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-22 02:28:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)