203 N Main StSpringertonIL62887
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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 Springerton at 203 N Main St, Springerton, IL, 62887 priced at $112,000 converts $875/mo rent into $98/mo cash flow after a $548/mo obligation. Total monthly income equals $875/mo, and annual cash flow totals $1,180/yr on $37,128 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 9.38% against a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation compiles into $30,944 by year five. Five-year ROI reaches 120.95% and total cumulative return in cash sums $44,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $875/mo property income covering a $548/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62887, Springerton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 181 (100%) |
| Owner Occupied HU | 120 (66.3%) |
| Renter Occupied HU | 29 (16.0%) |
| Vacant Housing Units | 32 (17.7%) |
| Median Home Value | $95,000 |
| Average Home Value | $153,750 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
5
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Listed by: Amanda Cannon • The Property Shop
Mls Name: My State MLS
Mls ID: #11522794