16 Salem Road, Springfield, IL
No photos available
Listed by Jay Myers, Real Broker, LLC
Bedrooms
3
Bathrooms
1
Sq Ft
1,022
Year Built
1970
Lot Size
—
Type
House
Well-maintained 3-bedroom, 1-bath rental property featuring a solid, established tenant currently paying $1,100/month. This property offers immediate rental income and an opportunity for an investor to add a cash-flowing asset to their portfolio. Stable rental history and a dependable tenant make this an attractive investment with income in place from day one. Please do not disturb tenant, schedule showings with contingent offers.
Everything the MLS reports for this home.
Adjust down payment and interest rate to see what your monthly cost could look like.
Estimated monthly payment
$650/ mo
Home price
$85,000
Assumes a 30-year fixed-rate loan, 0.35% annual homeowners insurance, and 0.5% PMI when LTV is above 80%. Property taxes come from the MLS record for this home. Confirm with a loan officer before making an offer.
Asking price
$85,000
$85,000
3 bd · 1 ba · 1,022 sqft
