2318 E Lake Shore Dr, Springfield, IL, 62712 | 5.19% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 2318 E Lake Shore Dr, Springfield, IL, 62712 offers a 5.19% rental yield on a $389,900 purchase with $1,687/mo rent. 47% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 53.17% and total cumulative return in cash at $68,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,687/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

0.85 Acres lot

$N/A/sqft

No HOA