2801 Richardson Dr,Springfield,IL,62711

Investment Highlights

Investment property for sale in Springfield at 2801 Richardson Dr, Springfield, IL, 62711 listed at $599,000 pairs $4,487/mo rent with a $2,932/mo payment to leave $332/mo cash flow. Total monthly income runs $4,487/mo, and annual cash flow reaches $3,984/yr on $197,071 cash to close. Return on cash invested measures 22.08% in year one, and rental yield registers 8.99% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 115.47% and total cumulative return in cash totals $227,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,487/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).