2029 Whittier 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
Rental property for sale in Springfield at 2029 Whittier Ave, Springfield, IL, 62704 priced at $174,500 pairs $2,791/mo rent with $1,561/mo cash flow after a $854/mo payment. Total monthly income equals $2,791/mo, and annual cash flow comes to $18,730/yr on $57,847 invested. Return on cash invested is 52.29% in year one, and rental yield stands at 19.19% on a $174,500 basis. Equity gained on principal adds $1,126/yr, and 5% annual appreciation accumulates to $48,211 by year five. Five-year ROI measures 277.61% and total cumulative return in cash reaches $160,590. For financing, Ziffy Mortgage’s DSCR program evaluates $2,791/mo property income against a $854/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
7,110 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: Amanda Simmons • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031784
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.