1058 E Morningside StreetSpringfieldMO65807
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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
Investment Highlights
Investment property for sale in Springfield at 1058 E Morningside Street, Springfield, MO, 65807 uses $69,582 cash to close to unlock $6,398/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $1,840/mo, and a $1,027/mo payment keeps the spread at $533/mo. Purchase price stands at $209,900, and rental yield measures 10.52% with $1,840/mo rent. Return on cash invested shows 29.1% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 152.24% and total cumulative return in cash records $105,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1959
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65807, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,767 (100%) |
| Owner Occupied HU | 12,151 (42.2%) |
| Renter Occupied HU | 14,608 (50.8%) |
| Vacant Housing Units | 2,008 ( 7.0%) |
| Median Home Value | $199,856 |
| Average Home Value | $233,654 |
Housing Distribution
Address Breakdown
Residential
26,780
Single Family
23,613
Multi-Family
3,167
Businesses
1,904
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Listed by: Adam Graddy • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60305197