810 E Edwards StSpringfieldIL62703
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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 810 E Edwards St, Springfield, IL, 62703 with 5% annual appreciation on a $125,000 basis while $983/mo rent supports operations. Total monthly income totals $983/mo and a $612/mo payment preserves $116/mo for cash returns. Annual cash flow comes to $1,389/yr on $41,438 deployed, and return on cash invested reaches 23.26% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.44%. Five-year ROI measures 121.81% and total cumulative return in cash totals $50,477.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $983/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1851
N/A 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: Crystal Germeraad • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls ID: #CA1040100