631 W Edwards StSpringfieldIL62704
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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 631 W Edwards St, Springfield, IL, 62704 with 5% annual appreciation on a $129,900 basis while $988/mo rent supports operations. Total monthly income totals $988/mo and a $636/mo payment preserves $87/mo for cash returns. Annual cash flow comes to $1,041/yr on $43,062 deployed, and return on cash invested reaches 22.33% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 9.13%. Five-year ROI measures 116.81% and total cumulative return in cash totals $50,299.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $988/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62704, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,933 (100%) |
| Owner Occupied HU | 11,549 (55.2%) |
| Renter Occupied HU | 7,218 (34.5%) |
| Vacant Housing Units | 2,166 (10.3%) |
| Median Home Value | $183,145 |
| Average Home Value | $213,920 |
Housing Distribution
Address Breakdown
Residential
19,620
Single Family
16,565
Multi-Family
3,055
Businesses
1,620
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Listed by: Jim Fulgenzi • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls ID: #CA1041064