3909 McCormick DrSpringfieldIL62707
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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 3909 McCormick Dr, Springfield, IL, 62707 offers a 9.46% rental yield on a $154,900 purchase with $1,221/mo rent. Total monthly income registers $1,221/mo, and a $758/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,761/yr on $51,349 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 122.24% and total cumulative return in cash at $62,768. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,221/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
9,460 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: Logan Frazier • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1039556