1581 N Oakfair PlaceSpringfieldMO65802
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
Investment Highlights
Investment property for sale in Springfield at 1581 N Oakfair Place, Springfield, MO, 65802 listed at $589,900 pairs $3,953/mo rent with a $2,887/mo payment to leave $279/mo cash flow. Total monthly income runs $3,953/mo, and annual cash flow reaches $3,354/yr on $194,077 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 8.04% at a $589,900 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $162,978 by year five. Five-year ROI tracks 112.95% and total cumulative return in cash totals $219,201. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,953/mo property income relative to a $2,887/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
0.28 Acres 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: Christopher M Lock • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60304697