3217 Catalpa 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 3217 Catalpa Dr, Springfield, IL, 62712 priced at $334,500 converts $1,926/mo rent into after a $1,637/mo obligation. Total monthly income equals $1,926/mo. Return on cash invested prints 15.65% in year one, and rental yield reads 6.91% against a $334,500 entry. Equity gained on principal adds $2,158/yr, while 5% annual appreciation compiles into $92,416 by year five. Five-year ROI reaches 80.99% and total cumulative return in cash sums $89,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $1,637/mo payment, not borrower’s personal income.
Single Family
Built in 1998
9,300 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: #CA1035973
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