2206 Checkerberry LnSpringfieldIL62711
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
Investment Highlights
Rental property for sale in Springfield at 2206 Checkerberry Ln, Springfield, IL, 62711 priced at $199,900 pairs $2,288/mo rent with $877/mo cash flow after a $978/mo payment. Total monthly income equals $2,288/mo, and annual cash flow comes to $10,519/yr on $66,267 invested. Return on cash invested is 35.78% in year one, and rental yield stands at 13.73% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 189.15% and total cumulative return in cash reaches $125,341. For financing, Ziffy Mortgage’s DSCR program evaluates $2,288/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
5,850 sqft lot
$N/A/sqft
$100 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Sarsany • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035994
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.