1024 N Brown AvenueSpringfieldMO65802
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.6% yield at 1024 N Brown Avenue, Springfield, MO, 65802 in Springfield is solid, but the $488/mo payment compresses net cash flow to $192/mo at $108,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $29,977 by year five, and $999/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.78) without U.S. income documentation. Total projected return: $53,557.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.5% |
| Monthly Cash Flow | $192 | $285 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $868 |
| Total Monthly Debt Service | $633 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65802, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,130 (100%) |
| Owner Occupied HU | 11,217 (50.7%) |
| Renter Occupied HU | 9,182 (41.5%) |
| Vacant Housing Units | 1,731 ( 7.8%) |
| Median Home Value | $204,089 |
| Average Home Value | $243,126 |
Housing Distribution
Address Breakdown
Residential
20,853
Single Family
20,101
Multi-Family
752
Businesses
1,497
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65802, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,130 (100%) |
| Owner Occupied HU | 11,217 (50.7%) |
| Renter Occupied HU | 9,182 (41.5%) |
| Vacant Housing Units | 1,731 ( 7.8%) |
| Median Home Value | $204,089 |
| Average Home Value | $243,126 |
Housing Distribution
Address Breakdown
Residential
20,853
Single Family
20,101
Multi-Family
752
Businesses
1,497
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Hutcherson • Hutcherson Real Estate LLC
Mls Name: SOMOMLS
Mls ID: #60314320