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$287,900

For Sale - Active
3204 Eagle Watch Dr, Springfield, IL 62711
2 Beds
3 Baths
2,551 Square Feet
0.00 Acres Lot
Built in 1996
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Jun 03, 2025 at 03:07AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$239
Cap Rate
5.3%
Cash-on-Cash Return
-4.3%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
-0.2%

Property Description


0.00 Acres Lot
Built in 1996
For Sale - Active
Units n/a

This absolute GEM of a home is located in the desirable Panther Creek Golf Course community where comfort, convenience & modern updates come together perfectly! An inviting tiled foyer leads to two-story ceilings & abundant natural light in a spacious LR with a cozy fireplace & an elegant staircase. The formal dining room opens to a patio, while the large kitchen boasts a breakfast bar & sunny nook, making it ideal for both casual & formal dining. The main floor master suite showcases an oversized walk-in closet & the laundry is conveniently located just off the kitchen while the partial basement provides ample storage & a superb, finished space for hobbies, family time or recreation. Upstairs, a stately office boasts authentic built-ins & offers the perfect work-from-home solution! From there, an adjacent full bath & 2nd BR with its own walk-in closet complete the upper level. Recent updates enhance include the newly installed sump pump (2024), composite decking & newer gutters! Additionally, a new roof is paid for & scheduled for installation in June 2025. The HVAC system was replaced in 2017 & Anderson windows throughout the home provide ample natural light & obvious energy efficiency. With exterior maintenance & garbage service included, you’ll have more time to enjoy life on the golf course in this impeccably maintained combo! A rare opportunity by far, this must-see home combines a smart layout & essential amenities in a highly desired community.

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Location


Property Details


Parking

  • Description: Attached, Paved
  • Details: Attached, Paved, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Partial, Partially Finished
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $399

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 2125.0203022
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1996

Tax Information

  • Annual Tax: $5,466

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Sangamon

Listing Details


Listed by:
Kyle T Killebrew
The Real Estate Group, Inc.
(217) 741-4040

Source:
RMLS Alliance
MLS#: CA1034195
RMLS Alliance

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$239
Cap Rate
5.3%
Cash-on-Cash Return
-4.3%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
-0.2%

Purchase Details

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Purchase price:
$287,900
Amount financed:
-$230,320
Down payment:
$57,580
Closing costs:
$8,637
Rehab costs:
$0
Initial cash invested:
$66,217
Square feet:
2,551
Cost per square foot:
$113
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$230,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,508
Property tax:
$456
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,139

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$456-$5,466
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$1,081-$12,966

Cash Flow


Monthly Yearly
Net operating income:
$1,269 $15,228
Mortgage payments:
-$1,508 -$18,096
Cash flow:
$239 $2,868