430 E Keys AveSpringfieldIL62702
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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
Investment property for sale in Springfield at 430 E Keys Ave, Springfield, IL, 62702 with 5% annual appreciation on a $454,995 basis while $1,044/mo rent supports operations. 11% in year one. Equity gained on principal adds $2,936/yr, and five-year appreciation sums $125,707 alongside rental yield of 2.75%. Five-year ROI measures 13.75% and total cumulative return in cash totals $20,738. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,044/mo property income versus a $2,227/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62702, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,461 (100%) |
| Owner Occupied HU | 9,223 (52.8%) |
| Renter Occupied HU | 5,839 (33.4%) |
| Vacant Housing Units | 2,399 (13.7%) |
| Median Home Value | $107,233 |
| Average Home Value | $139,772 |
Housing Distribution
Address Breakdown
Residential
16,552
Single Family
14,916
Multi-Family
1,636
Businesses
931
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Listed by: Jay Myers • Real Broker, LLC
Mls Name: RMLS Alliance
Mls ID: #CA1039538