2541 Holmes AveSpringfieldIL62704
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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 2541 Holmes Ave, Springfield, IL, 62704 earns $816/mo cash flow from $1,655/mo rent with a $592/mo payment. Total monthly income totals $1,655/mo, and annual cash flow totals $9,791/yr on $40,112 capital. ROI tracks 44.32% on current figures, and rental yield reads 16.41% at a $121,000 purchase. Equity gained on principal adds $781/yr, and 5% annual appreciation supports $33,430 over five years. Five-year ROI reaches 234.72% and total cumulative return in cash sums $94,149. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,655/mo property income instead of your personal income.
Single Family
Built in 1950
5,112 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: Kyle T Killebrew • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037916
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-20 03:07:54 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)