9 Bryant LnSpringfieldIL62702
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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
Rental property for sale in Springfield at 9 Bryant Ln, Springfield, IL, 62702 priced at $179,900 pairs $1,426/mo rent with $178/mo cash flow after a $881/mo payment. Total monthly income equals $1,426/mo, and annual cash flow comes to $2,132/yr on $59,637 invested. Return on cash invested is 23.48% in year one, and rental yield stands at 9.51% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 123.02% and total cumulative return in cash reaches $73,365. For financing, Ziffy Mortgage’s DSCR program evaluates $1,426/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
6,531 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: Joseph E Tetzlaff • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls ID: #CA1041058