1701 N Engel AveSpringfieldMO65803
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 1701 N Engel Ave, Springfield, MO, 65803 uses $37,522 cash to close to unlock $2,209/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $889/mo, and a $554/mo payment keeps the spread at $184/mo. Purchase price stands at $113,190, and rental yield measures 9.42% with $889/mo rent. Return on cash invested shows 25.8% in year one, and 5% annual appreciation builds toward $31,272 over five years. Five-year ROI reaches 134.59% and total cumulative return in cash records $50,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $889/mo property income covering a $554/mo payment rather than investor’s personal income.
Single Family
Built in 1985
6,477 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: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11589646