Cash Flow crazy at 2% rule in Springfield, IL

Sangamon County, Springfield, IL, 62703 view full address
For Sale
Listed at: February 6th, 2025
Price
$35,000
ARV
$80,000
Gross Margin
$45,000
Sq. Footage
1183
Type
Single-Family
Parking
Driveway
Year build
1882
Lot size
0.17 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

This 4BR/2BA, 1,183 sqft single-family home in Springfield, IL is a prime rental opportunity with strong cash flow potential. The property was previously remodeled, and the kitchen and bathroom were updated just 5 years ago. Now vacant, it’s ready for the next investor to make final improvements and add it to their rental portfolio. With updates including a new roof, HVAC, plumbing work, and fresh paint—this home could easily bring in $1,400/month, exceeding the 1% rule for rental properties.

 

 

🚀 This deal won’t last! Contact Viktor Rybachuk at 206-488-0606 or email dispo@legacyonset.com for more details.

**IF YOU WANT THIS DEAL, SUBMIT YOUR PRELIMINARY OFFER BY CLICKING THE BLUE BUTTON "Make An Offer". This notifies us you are serious and ready to move forward.** DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract is signed with the Seller giving our company exclusive rights to purchase the property. Our company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/ SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action against you. Our company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Viktor Rybachuk

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Disposition manager