220 E Wilcox StSpringfieldIL62707
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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 220 E Wilcox St, Springfield, IL, 62707 earns $113/mo cash flow from $1,014/mo rent with a $636/mo payment. Total monthly income totals $1,014/mo, and annual cash flow totals $1,351/yr on $43,095 capital. ROI tracks 23.04% on current figures, and rental yield reads 9.36% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 120.66% and total cumulative return in cash sums $51,999. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,014/mo property income instead of your personal income.
Single Family
Built in N/A
0.71 Acres 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: Tracy M Shaw • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033294
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.