304 Missionary Ridge DrSpringfieldIL62711
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
Investment Highlights
Investment property for sale in Springfield at 304 Missionary Ridge Dr, Springfield, IL, 62711 earns $389/mo cash flow from $2,438/mo rent with a $1,443/mo payment. Total monthly income totals $2,438/mo, and annual cash flow totals $4,665/yr on $97,759 capital. ROI tracks 24.68% on current figures, and rental yield reads 9.92% at a $294,900 purchase. Equity gained on principal adds $1,903/yr, and 5% annual appreciation supports $81,475 over five years. Five-year ROI reaches 129.43% and total cumulative return in cash sums $126,535. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,438/mo property income instead of your personal income.
Single Family
Built in 1994
10,454 sqft lot
$N/A/sqft
$50 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony Smarjesse • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037139
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.