3716 Carney BlvdSpringfieldIL62707
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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
Total monthly income runs $1,236/mo, and a $1,395/mo payment. Purchase price stands at $285,000, and rental yield measures 5.2% with $1,236/mo rent. Return on cash invested shows 10.5% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 53.39% and total cumulative return in cash records $50,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,236/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2003
5,760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62707, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,719 (100%) |
| Owner Occupied HU | 2,884 (77.5%) |
| Renter Occupied HU | 519 (14.0%) |
| Vacant Housing Units | 316 ( 8.5%) |
| Median Home Value | $176,144 |
| Average Home Value | $226,551 |
Housing Distribution
Address Breakdown
Residential
3,314
Single Family
3,314
Multi-Family
0
Businesses
199
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Listed by: Crystal Germeraad • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls ID: #CA1038255