23 Chimney View LnSpringfieldIL62707
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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 23 Chimney View Ln, Springfield, IL, 62707 at $241,000 posts ROI 24.16% with $283/mo cash flow from $2,340/mo rent. Total monthly income equals $2,340/mo, and annual cash flow records $3,395/yr on $79,892 to close. Return on cash invested measures 24.16% and rental yield reads 11.65% at the current $241,000. Equity gained on principal adds $1,555/yr, and 5% annual appreciation supports $66,584 by year five. Five-year ROI prints 128.7% and total cumulative return in cash totals $102,820.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1993
0.55 Acres lot
$N/A/sqft
$385 monthly 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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Nearby investment properties with comparable prices
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