19 Bellerive RdSpringfieldIL62704
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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 19 Bellerive Rd, Springfield, IL, 62704 uses $48,068 cash to close to unlock $10,103/yr annual cash flow and $842/mo monthly cash flow. Total monthly income runs $1,848/mo, and a $710/mo payment keeps the spread at $842/mo. Purchase price stands at $145,000, and rental yield measures 15.29% with $1,848/mo rent. Return on cash invested shows 40.93% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 216.56% and total cumulative return in cash records $104,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,848/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1969
N/A 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: Fritz Pfister • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls ID: #CA1040812