3400 Ginger Creek 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
Rental property for sale in Springfield at 3400 Ginger Creek Dr, Springfield, IL, 62711 offers $2,910/mo rent that, after a $1,737/mo payment, leaves $448/mo cash flow. Total monthly income is $2,910/mo, and annual cash flow is $5,381/yr on $117,649 cash. Return on cash invested measures 24.48% in year one, and rental yield stands at 9.84% at a $354,900 entry. Equity gained on principal adds $2,290/yr while 5% annual appreciation compounds into $98,052 by year five. Five-year ROI records 128.36% and total cumulative return in cash reaches $151,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,910/mo property income versus a $1,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.44 Acres lot
$N/A/sqft
No HOA
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Listed by: Jami R Winchester • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035178
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.