531 E Wood 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 531 E Wood Ave, Springfield, IL, 62702 at $119,900 posts ROI 23.45% with $117/mo cash flow from $949/mo rent. Total monthly income equals $949/mo, and annual cash flow records $1,406/yr on $39,747 to close. Return on cash invested measures 23.45% and rental yield reads 9.5% at the current $119,900. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 by year five. Five-year ROI prints 122.91% and total cumulative return in cash totals $48,852.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $949/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1909
6,080 sqft 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: Neil J Martin • The Orchid Group Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038884
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.