2124 Checkerberry LnSpringfieldIL62711
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Springfield rentals match the income profile of 2124 Checkerberry Ln, Springfield, IL, 62711. Listed at $219,900, gross rent is $2,260/mo and net cash flow is $734/mo, a 12.33% yield well above national averages. DSCR 2.29 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $60,754 by year five with $2,025/yr in annual principal reduction, projecting $131,417 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 7.2% |
| Monthly Cash Flow | $734 | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,260 |
| Total Monthly Debt Service | $1,438 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
5,460 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1993
5,460 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Lochbaum • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1038950