3218 Sherman StSpringfieldIL62703
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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 3218 Sherman St, Springfield, IL, 62703 with 5% annual appreciation on a $128,700 basis while $996/mo rent supports operations. Total monthly income totals $996/mo and a $630/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,239/yr on $42,664 deployed, and return on cash invested reaches 22.81% in year one. Equity gained on principal adds $830/yr, and five-year appreciation sums $35,557 alongside rental yield of 9.29%. Five-year ROI measures 119.49% and total cumulative return in cash totals $50,979.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $996/mo property income versus a $630/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62703, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 6,719 (48.7%) |
| Renter Occupied HU | 5,111 (37.0%) |
| Vacant Housing Units | 1,966 (14.3%) |
| Median Home Value | $106,497 |
| Average Home Value | $153,646 |
Housing Distribution
Address Breakdown
Residential
12,927
Single Family
11,565
Multi-Family
1,362
Businesses
1,237
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Listed by: Ira Lauter • L & B All Star Realty Advisors LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12348530
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)