51 Country PlSpringfieldIL62703
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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 51 Country Pl, Springfield, IL, 62703 priced at $179,900 converts $1,867/mo rent into $619/mo cash flow after a $881/mo obligation. Total monthly income equals $1,867/mo, and annual cash flow totals $7,424/yr on $59,637 invested. Return on cash invested prints 32.36% in year one, and rental yield reads 12.45% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 170.59% and total cumulative return in cash sums $101,733. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,867/mo property income covering a $881/mo payment, not borrower’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62703, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 6,719 (48.7%) |
| Renter Occupied HU | 5,111 (37.0%) |
| Vacant Housing Units | 1,966 (14.3%) |
| Median Home Value | $106,497 |
| Average Home Value | $153,646 |
Housing Distribution
Address Breakdown
Residential
12,927
Single Family
11,565
Multi-Family
1,362
Businesses
1,237
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Listed by: Constance C Heskett • Keller Williams Capital
Mls Name: RMLS Alliance
Mls ID: #CA1038201