Zip Code 62702 — Springfield, IL
🟢STRONG— excellent cash flow marketCap Rate
11.0%
Monthly Cash Flow
+$425
Median Home Price
$109,724
DSCR
1.73
🏠 Fair Market Rents
- Studio
- $730/mo
- 1 Bedroom
- $870/mo
- 2 Bedroom
- $1,070/mo
- 3 Bedroom
- $1,420/mo
- 4 Bedroom
- $1,460/mo
📊 Investment Metrics
- Cap Rate
- 11.0%
- Cash-on-Cash Return
- 20.2%
- Price-to-Rent Ratio
- 6.4
- 1% Rule
- 1.29%
- Gross Rent Multiplier
- 6.4
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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