1600 N Patterson Avenue UNIT A&BSpringfieldMO65803
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 1600 N Patterson Avenue UNIT A&B, Springfield, MO, 65803 with 5% annual appreciation on a $165,000 basis while $868/mo rent supports operations. 4% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 6.31%. Five-year ROI measures 84.05% and total cumulative return in cash totals $45,971. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $868/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65803, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,398 (100%) |
| Owner Occupied HU | 10,153 (49.8%) |
| Renter Occupied HU | 8,289 (40.6%) |
| Vacant Housing Units | 1,956 ( 9.6%) |
| Median Home Value | $214,919 |
| Average Home Value | $245,680 |
Housing Distribution
Address Breakdown
Residential
19,033
Single Family
17,982
Multi-Family
1,051
Businesses
1,316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Veronica Perez Tomanek • EXP Realty LLC
Mls Name: SOMOMLS
Mls Provider:
Mls ID: #60279526
Disclaimer: The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC. Real estate listings held by Brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR that have not been displayed on this site. 2024 Southern Missouri Regional MLS, LLC. All rights reserved. [Click here for more information](/info/mls-disclaimers/#mls_896) The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.