3223 West StSpringfieldIL62707
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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 3223 West St, Springfield, IL, 62707 earns $305/mo cash flow from $1,817/mo rent with a $1,067/mo payment. Total monthly income totals $1,817/mo, and annual cash flow totals $3,659/yr on $72,267 capital. ROI tracks 24.97% on current figures, and rental yield reads 10% at a $218,000 purchase. Equity gained on principal adds $1,407/yr, and 5% annual appreciation supports $60,229 over five years. Five-year ROI reaches 130.97% and total cumulative return in cash sums $94,651. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,817/mo property income instead of your personal income.
Single Family
Built in 1973
N/A 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: Jim Fulgenzi • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls ID: #CA1040737