2516 Parsley LnSpringfieldIL62711
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2516 Parsley Ln, Springfield, IL, 62711 in Springfield speaks for itself: 11.62% gross on a $375,000 price, generating $3,632/mo in rent and $888/mo in net income after the $1,686/mo debt service. DSCR 2.15, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,652 stacks alongside $103,606 in projected five-year appreciation and $3,454/yr in principal reduction. Projected total cumulative return: $201,224.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.2% |
| Monthly Cash Flow | $888 | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,632 |
| Total Monthly Debt Service | $2,595 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
$125 annually HOA
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
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
$125 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dane Cookson • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034980
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.