4108 Newtonmore DrSpringfieldIL62712
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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
Rental property for sale in Springfield at 4108 Newtonmore Dr, Springfield, IL, 62712 generates $4,438/mo in rent and, after a $1,553/mo payment, leaves $2,237/mo in cash flow. Total monthly income is $4,438/mo, and annual cash flow is $26,847/yr on $105,168 invested. Return on cash invested sits at 45.44% in year one, and rental yield is 16.79% on a $317,250 entry. Equity gained on principal adds $2,047/yr, while 5% annual appreciation builds toward $87,650 over five years. Five-year ROI reaches 240.74% and total cumulative return in cash sums $253,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,438/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
8,640 sqft lot
$N/A/sqft
No HOA
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Listed by: Andrew Kinney • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036944
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.