550 N Koke Mill RdSpringfieldIL62711
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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 550 N Koke Mill Rd, Springfield, IL, 62711 with 5% annual appreciation on a $415,000 basis while $3,436/mo rent supports operations. Total monthly income totals $3,436/mo and a $2,031/mo payment preserves $558/mo for cash returns. Annual cash flow comes to $6,692/yr on $137,573 deployed, and return on cash invested reaches 24.77% in year one. Equity gained on principal adds $2,678/yr, and five-year appreciation sums $114,657 alongside rental yield of 9.94%. Five-year ROI measures 129.91% and total cumulative return in cash totals $178,725.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,436/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
22 Acres lot
$N/A/sqft
No HOA
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Listed by: Cindy E Grady • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035210
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.