1635 N Colgate AvenueSpringfieldMO65802
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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 1635 N Colgate Avenue, Springfield, MO, 65802 earns $114/mo cash flow from $917/mo rent with a $631/mo payment. Total monthly income totals $917/mo, and annual cash flow totals $1,368/yr on $42,764 capital. ROI tracks 23.11% on current figures, and rental yield reads 8.53% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 120.02% and total cumulative return in cash sums $51,325. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $917/mo property income instead of your personal income.
Single Family
Built in 1945
6,098 sqft 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
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Listed by: Michelle Brady • Century 21 Performance Realty
Mls Name: SOMOMLS
Mls ID: #60312440