3317 Elderberry LnSpringfieldIL62711
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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 3317 Elderberry Ln, Springfield, IL, 62711 priced at $349,900 pairs $2,525/mo rent with $27/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,525/mo, and annual cash flow comes to $321/yr on $115,992 invested. Return on cash invested is 20.19% in year one, and rental yield stands at 8.66% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 105.57% and total cumulative return in cash reaches $122,454. For financing, Ziffy Mortgage’s DSCR program evaluates $2,525/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
9,440 sqft lot
$N/A/sqft
No HOA
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Listed by: Kyle T Killebrew • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035849
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.