3009 Terra CtSpringfieldIL62707
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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 3009 Terra Ct, Springfield, IL, 62707 uses $47,073 cash to close to unlock $7,827/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $1,665/mo, and a $695/mo payment keeps the spread at $652/mo. Purchase price stands at $142,000, and rental yield measures 14.07% with $1,665/mo rent. Return on cash invested shows 36.54% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 193.34% and total cumulative return in cash records $91,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,665/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1980
N/A lot
$N/A/sqft
$334 annually 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
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Listed by: Mari A Landgrebe • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038376
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.