217 Walnut Valley DrSpringfieldIL62707
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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 217 Walnut Valley Dr, Springfield, IL, 62707 priced at $185,000 pairs $1,504/mo rent with $221/mo cash flow after a $905/mo payment. Total monthly income equals $1,504/mo, and annual cash flow comes to $2,655/yr on $61,328 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 9.76% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 127.11% and total cumulative return in cash reaches $77,955. For financing, Ziffy Mortgage’s DSCR program evaluates $1,504/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
5,304 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: Jami R Winchester • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1040685