2269 E Watch AveSpringfieldIL62702
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 2269 E Watch Ave, Springfield, IL, 62702 generates $1,414/mo in rent and, after a $810/mo payment, leaves $266/mo in cash flow. Total monthly income is $1,414/mo, and annual cash flow is $3,196/yr on $54,830 invested. Return on cash invested sits at 25.74% in year one, and rental yield is 10.26% on a $165,400 entry. Equity gained on principal adds $1,067/yr, while 5% annual appreciation builds toward $45,697 over five years. Five-year ROI reaches 135.15% and total cumulative return in cash sums $74,105. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,414/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62702, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,461 (100%) |
| Owner Occupied HU | 9,223 (52.8%) |
| Renter Occupied HU | 5,839 (33.4%) |
| Vacant Housing Units | 2,399 (13.7%) |
| Median Home Value | $107,233 |
| Average Home Value | $139,772 |
Housing Distribution
Address Breakdown
Residential
16,552
Single Family
14,916
Multi-Family
1,636
Businesses
931
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A