3305 Collingwood DrSpringfieldIL62711
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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 3305 Collingwood Dr, Springfield, IL, 62711 earns $119/mo cash flow from $2,473/mo rent with a $1,591/mo payment. Total monthly income totals $2,473/mo, and annual cash flow totals $1,423/yr on $107,738 capital. ROI tracks 21.23% on current figures, and rental yield reads 9.13% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 111.33% and total cumulative return in cash sums $119,941. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,473/mo property income instead of your personal income.
Condo
Built in 1989
0.42 Acres lot
$N/A/sqft
$500 annually HOA
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Listed by: Jodi N Baptist • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034755
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.