421 W Jackson PkwySpringfieldIL62704
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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 421 W Jackson Pkwy, Springfield, IL, 62704 priced at $160,000 converts $1,281/mo rent into $171/mo cash flow after a $783/mo obligation. Total monthly income equals $1,281/mo, and annual cash flow totals $2,056/yr on $53,040 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.61% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 124.66% and total cumulative return in cash sums $66,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,281/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: James J Skeeters • Keller Williams Capital
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037268
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.