2333 S 8th StSpringfieldIL62703
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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
Rental property for sale in Springfield at 2333 S 8th St, Springfield, IL, 62703 generates $1,373/mo in rent and, after a $685/mo payment, leaves $402/mo in cash flow. Total monthly income is $1,373/mo, and annual cash flow is $4,828/yr on $46,377 invested. Return on cash invested sits at 30.32% in year one, and rental yield is 11.78% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 159.73% and total cumulative return in cash sums $74,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,373/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62703, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 6,719 (48.7%) |
| Renter Occupied HU | 5,111 (37.0%) |
| Vacant Housing Units | 1,966 (14.3%) |
| Median Home Value | $106,497 |
| Average Home Value | $153,646 |
Housing Distribution
Address Breakdown
Residential
12,927
Single Family
11,565
Multi-Family
1,362
Businesses
1,237
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Listed by: Lori A Skerston • Keller Williams Capital
Mls Name: RMLS Alliance
Mls ID: #CA1038381