2415 S 6th 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
Investment property for sale in Springfield at 2415 S 6th St, Springfield, IL, 62703 uses $38,123 cash to close to unlock $758/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $863/mo, and a $563/mo payment keeps the spread at $63/mo. Purchase price stands at $115,000, and rental yield measures 9.01% with $863/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 114.6% and total cumulative return in cash records $43,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $863/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1932
6,080 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: Cindy E Grady • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034097
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.