3617 N Grand Ave E LOT 235SpringfieldIL62702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 LOT 235, Springfield, IL, 62702 earns $81/mo cash flow from $885/mo rent with a $567/mo payment. Total monthly income totals $885/mo, and annual cash flow totals $976/yr on $38,421 capital. ROI tracks 22.45% on current figures, and rental yield reads 9.16% at a $115,900 purchase. Equity gained on principal adds $748/yr, and 5% annual appreciation supports $32,021 over five years. Five-year ROI reaches 117.54% and total cumulative return in cash sums $45,160. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $885/mo property income instead of your personal income.
Manufactured
Built in 2023
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lei Fox • Cottonwood Cove
Mls Name: My State MLS
Mls ID: #11390027