212 E Black AveSpringfieldIL62702
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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 212 E Black Ave, Springfield, IL, 62702 at $138,000 posts ROI 30.46% with $402/mo cash flow from $1,359/mo rent. Total monthly income equals $1,359/mo, and annual cash flow records $4,827/yr on $45,747 to close. Return on cash invested measures 30.46% and rental yield reads 11.82% at the current $138,000. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,127 by year five. Five-year ROI prints 160.5% and total cumulative return in cash totals $73,422.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,359/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
8,160 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62702, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,461 (100%) |
| Owner Occupied HU | 9,223 (52.8%) |
| Renter Occupied HU | 5,839 (33.4%) |
| Vacant Housing Units | 2,399 (13.7%) |
| Median Home Value | $107,233 |
| Average Home Value | $139,772 |
Housing Distribution
Address Breakdown
Residential
16,552
Single Family
14,916
Multi-Family
1,636
Businesses
931
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Listed by: Brenna Jeffers • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1038414