3617 N Grand Ave E #256SpringfieldIL62702
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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 3617 N Grand Ave E #256, Springfield, IL, 62702 listed at $105,900 pairs $969/mo rent with a $518/mo payment to leave $235/mo cash flow. Total monthly income runs $969/mo, and annual cash flow reaches $2,817/yr on $35,106 cash to close. Return on cash invested measures 27.93% in year one, and rental yield registers 10.98% at a $105,900 basis. Equity gained on principal adds $683/yr, and annual property appreciation at 5% supports $29,258 by year five. Five-year ROI tracks 146.87% and total cumulative return in cash totals $51,560. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $969/mo property income relative to a $518/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62702, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,461 (100%) |
| Owner Occupied HU | 9,223 (52.8%) |
| Renter Occupied HU | 5,839 (33.4%) |
| Vacant Housing Units | 2,399 (13.7%) |
| Median Home Value | $107,233 |
| Average Home Value | $139,772 |
Housing Distribution
Address Breakdown
Residential
16,552
Single Family
14,916
Multi-Family
1,636
Businesses
931
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Listed by: Lei Fox • Cottonwood Cove
Mls Name: My State MLS
Mls ID: #11404356