238 Maggie DrSpringfieldIL62711
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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 238 Maggie Dr, Springfield, IL, 62711 offers a 9.07% rental yield on a $400,000 purchase with $3,022/mo rent. Total monthly income registers $3,022/mo, and a $1,958/mo payment leaves $135/mo available for distribution. Annual cash flow reaches $1,623/yr on $132,600 to close, and return on cash invested stands at 21.13% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 110.78% and total cumulative return in cash at $146,896. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,022/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.26 Acres lot
$N/A/sqft
$125 annually HOA
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Listed by: Jonathan Minerick • homecoin.com
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #QC4268240
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)