429 W Cook StSpringfieldIL62704
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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 429 W Cook St, Springfield, IL, 62704 priced at $145,000 converts $1,110/mo rent into $100/mo cash flow after a $710/mo obligation. Total monthly income equals $1,110/mo, and annual cash flow totals $1,201/yr on $48,068 invested. Return on cash invested prints 22.41% in year one, and rental yield reads 9.19% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 117.38% and total cumulative return in cash sums $56,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,110/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1920
N/A 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: Julie Davis • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034343
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.