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$535,000

For Sale - Active
4319 Creek Dr, Springfield, IL 62711
4 Beds
3 Baths
4,278 Square Feet
0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jun 21, 2025 at 03:27AM

Investment Summary


Monthly Cash Flow
-$1,257
Cap Rate
2.9%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Property Description


0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Open floor plan ranch with finished, walk-out lower level. Freshly painted with new floorings and fan/light fixtures. Main floor has 2 bedrooms and 2 full baths. Large, chef's kitchen. master suite with en-suite bathroom (massive shower!) and his/hers closets. Sunroom with heated floors and AC. The pergola over-looks the fully fenced backyard. The lower level includes a wet bar, large rec/family room, and 2 additional bedrooms and an additional full bath. Plus, a bonus room/office. Corner lot with creek in the back, private with fruit trees. New roof to be completed, warranty transferable! Located in Pleasant Plains School District. Call to schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached
  • Details: Concrete, Garage Door Opener, On Site, Attached, Garage
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • Basement: Yes
  • Basement Description: Sump Pump, Finished, Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

HOA

  • Has HOA: Yes
  • HOA Fee: $200/annually

Land Information

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

Lot Information

  • Parcel ID: 1335.0451017
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2002

Tax Information

  • Annual Tax: $10,167

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Electric, Radiant Floor
  • Cooling: Ceiling Fan(s), Central Air, Wall Unit(s)

Location

  • County: Sangamon

Listing Details


Listed by:
Ryan Cherney
Circle One Realty
(630) 528-2300

Source:
Midwest Real Estate Data (MRED)
MLS#: 12359089
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,257
Cap Rate
2.9%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$535,000
Amount financed:
-$428,000
Down payment:
$107,000
Closing costs:
$16,050
Rehab costs:
$0
Initial cash invested:
$123,050
Square feet:
4,278
Cost per square foot:
$125
Monthly rent per square foot:
$0.72

Financing Details

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Loan amount:
$428,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,532
Property tax:
$847
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,596

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (27%)
27%-$847-$10,167
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (1%)
1%-$17-$204
Total operating expenses: (53%)
53%-$1,639-$19,671

Cash Flow


Monthly Yearly
Net operating income:
$1,275 $15,300
Mortgage payments:
-$2,532 -$30,384
Cash flow:
$1,257 $15,084