505 Clipper RdSpringfieldIL62711
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 505 Clipper Rd, Springfield, IL, 62711 in Springfield worth modelling. At $460,000 with a 8.44% gross yield, the $3,586/mo rent leaves $41/mo after the $2,068/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.73 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $127,090 by year five; $4,237/yr in principal reduction adds further equity. Total projected return: $200,912.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $41 | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,586 |
| Total Monthly Debt Service | $3,016 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
N/A lot
$N/A/sqft
$100 annually HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1993
N/A lot
$N/A/sqft
$100 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle T Killebrew • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036443
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 03:57:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)