1607 1609 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 1607 1609 E Commercial Street, Springfield, MO, 65803 listed at $179,999 pairs $1,194/mo rent with a $881/mo payment to leave $73/mo cash flow. Total monthly income runs $1,194/mo, and annual cash flow reaches $876/yr on $59,670 cash to close. Return on cash invested measures 21.38% in year one, and rental yield registers 7.96% at a $179,999 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,730 by year five. Five-year ROI tracks 110.76% and total cumulative return in cash totals $66,088. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,194/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1957
8,712 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: Wes Litton • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60307133