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$212,900

Sale Pending
3921 Gooseneck, Springfield, IL 62707
3 Beds
2 Baths
2,030 Square Feet
0.00 Acres Lot
Built in 1975
Sale Pending
Units n/a
Checked: 18 hours ago
Updated: Jun 18, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$386
Cap Rate
3.5%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.2%

Property Description


0.00 Acres Lot
Built in 1975
Sale Pending
Units n/a

Step into the charm of 3921 Gooseneck in the sought-after Walnut Valley Subdivision! This stunning 3-bedroom, 1.5-bath home is packed with updates and completely move-in ready. Fresh paint, new flooring in the bedrooms and bathrooms, and a full remodel over the last decade ensure comfort and style. Major updates include a new roof (2020), windows (2015), HVAC (2015) with diffuser added in 2023, a refreshed kitchen (2015), and a sleek Bath Planet shower (2015). The backyard is an entertainer’s dream with a stamped concrete patio, completed alongside the driveway in 2015. Also transformer added behind the garage home generator ready! Enjoy a spacious, mostly finished basement, waterproofed with two sump pits for peace of mind. A detached two-car garage and a fenced yard with decorative iron fencing and gate complete the picture. This home truly checks all the boxes—schedule your showing today before it’s gone!

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Location


Property Details


Parking

  • Details: Detached, Paved
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • Basement: Yes
  • Basement Description: Full, Partially Finished
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1409.0281006
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1975

Tax Information

  • Annual Tax: $3,302

Utilities

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

Location

  • County: Sangamon

Listing Details


Listed by:
Diane Tinsley
The Real Estate Group, Inc.
(217) 416-0993

Source:
RMLS Alliance
MLS#: CA1035786
RMLS Alliance

Investment Summary


Monthly Cash Flow
-$386
Cap Rate
3.5%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.2%

Purchase Details

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Purchase price:
$212,900
Amount financed:
-$170,320
Down payment:
$42,580
Closing costs:
$6,387
Rehab costs:
$0
Initial cash invested:
$48,967
Square feet:
2,030
Cost per square foot:
$105
Monthly rent per square foot:
$0.64

Financing Details

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Loan amount:
$170,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,008
Property tax:
$275
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,374

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$275-$3,303
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$600-$7,203

Cash Flow


Monthly Yearly
Net operating income:
$622 $7,464
Mortgage payments:
-$1,008 -$12,096
Cash flow:
$386 $4,632