1604 E Commercial StreetSpringfieldMO65803
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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 1604 E Commercial Street, Springfield, MO, 65803 earns $280/mo cash flow from $1,264/mo rent with a $773/mo payment. Total monthly income totals $1,264/mo, and annual cash flow totals $3,366/yr on $52,344 capital. ROI tracks 26.34% on current figures, and rental yield reads 9.61% at a $157,900 purchase. Equity gained on principal adds $1,019/yr, and 5% annual appreciation supports $43,625 over five years. Five-year ROI reaches 137.4% and total cumulative return in cash sums $71,918. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,264/mo property income instead of your personal income.
Single Family
Built in 1953
6,098 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
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Listed by: Jeffrey R Frye • Jim Hutcheson, REALTORS
Mls Name: SOMOMLS
Mls ID: #60304846