2909 Laxford DrSpringfieldIL62712
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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
Rental property for sale in Springfield at 2909 Laxford Dr, Springfield, IL, 62712 generates $1,929/mo in rent, after a $1,564/mo payment. Total monthly income is $1,929/mo. Return on cash invested sits at 16.65% in year one, and rental yield is 7.25% on a $319,500 entry. Equity gained on principal adds $2,062/yr, while 5% annual appreciation builds toward $88,272 over five years. Five-year ROI reaches 86.38% and total cumulative return in cash sums $91,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,929/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
8,800 sqft lot
$N/A/sqft
No HOA
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Listed by: Andrew Kinney • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036026
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