3104 Lakeshire DrSpringfieldIL62707
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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 3104 Lakeshire Dr, Springfield, IL, 62707 offers a 10.88% rental yield on a $162,900 purchase with $1,477/mo rent. Total monthly income registers $1,477/mo, and a $797/mo payment leaves $347/mo available for distribution. Annual cash flow reaches $4,169/yr on $54,001 to close, and return on cash invested stands at 27.63% in year one. Equity gained on principal adds $1,051/yr while 5% annual appreciation supports $45,006 over five years. Portfolio math shows five-year ROI at 145.29% and total cumulative return in cash at $78,456. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,477/mo property income against a $797/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,550 sqft lot
$N/A/sqft
No 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: Lisa A Haggerty • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038267
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.