3708 Indian Grass Ln, Springfield, IL, 62712 | $593/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 3708 Indian Grass Ln, Springfield, IL, 62712 offers a 10.96% rental yield on a $269,900 purchase with $2,465/mo rent. Total monthly income registers $2,465/mo, and a $1,321/mo payment leaves $593/mo available for distribution. Annual cash flow reaches $7,115/yr on $89,472 to close, and return on cash invested stands at 27.86% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 146.47% and total cumulative return in cash at $131,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,465/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1998

8,640 sqft lot

$N/A/sqft

No HOA