Zip Code 62707 — Springfield, IL
🟡MODERATE— average returnsCap Rate
4.3%
Monthly Cash Flow
-$392
Median Home Price
$227,314
DSCR
0.68
🏠 Fair Market Rents
- Studio
- $710/mo
- 1 Bedroom
- $860/mo
- 2 Bedroom
- $1,050/mo
- 3 Bedroom
- $1,390/mo
- 4 Bedroom
- $1,430/mo
📊 Investment Metrics
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -9.0%
- Price-to-Rent Ratio
- 13.6
- 1% Rule
- 0.61%
- Gross Rent Multiplier
- 13.6
- 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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