2201 Warwick DrSpringfieldIL62704
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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 2201 Warwick Dr, Springfield, IL, 62704 uses $82,842 cash to close to unlock $8,913/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,223/mo payment keeps the spread at $743/mo. Purchase price stands at $249,900, and rental yield measures 11.89% with $2,476/mo rent. Return on cash invested shows 30.67% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 161.52% and total cumulative return in cash records $133,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: Kyle T Killebrew • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1039433