520 S South Grand Ave ESpringfieldIL62703
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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 520 S South Grand Ave E, Springfield, IL, 62703 at $725,000 posts ROI 0.46% with from $1,134/mo rent. Total monthly income equals $1,134/mo. Return on cash invested measures 0.46% and rental yield reads 1.88% at the current $725,000. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,134/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1931
8,154 sqft 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: Debra Sarsany • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1041155