204 Willow LnSpringfieldIL62707
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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 204 Willow Ln, Springfield, IL, 62707 listed at $178,000 pairs $2,390/mo rent with a $871/mo payment to leave $1,144/mo cash flow. Total monthly income runs $2,390/mo, and annual cash flow reaches $13,725/yr on $59,007 cash to close. Return on cash invested measures 43.17% in year one, and rental yield registers 16.11% at a $178,000 basis. Equity gained on principal adds $1,149/yr, and annual property appreciation at 5% supports $49,178 by year five. Five-year ROI tracks 228.67% and total cumulative return in cash totals $134,929. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,390/mo property income relative to a $871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
7,200 sqft 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: Jeff Lochbaum • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036819
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.