2424 Neil StSpringfieldIL62707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2424 Neil St, Springfield, IL, 62707 uses $63,317 cash to close to unlock $1,788/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $935/mo payment keeps the spread at $149/mo. Purchase price stands at $191,000, and rental yield measures 9.26% with $1,474/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $52,770 over five years. Five-year ROI reaches 119.04% and total cumulative return in cash records $75,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $935/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A