704 Rickard RdSpringfieldIL62704
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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 704 Rickard Rd, Springfield, IL, 62704 at $127,000 posts ROI 22.41% with $88/mo cash flow from $1,079/mo rent. Total monthly income equals $1,079/mo, and annual cash flow records $1,052/yr on $42,101 to close. Return on cash invested measures 22.41% and rental yield reads 10.2% at the current $127,000. Equity gained on principal adds $820/yr, and 5% annual appreciation supports $35,088 by year five. Five-year ROI prints 118.39% and total cumulative return in cash totals $49,845.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,079/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1979
2,700 sqft lot
$N/A/sqft
$110 monthly 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: Krystal K Buscher • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036700
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.