2117 N Lexington AvenueSpringfieldMO65803
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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 2117 N Lexington Avenue, Springfield, MO, 65803 uses $41,272 cash to close to unlock $3,744/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,087/mo, and a $609/mo payment keeps the spread at $312/mo. Purchase price stands at $124,500, and rental yield measures 10.48% with $1,087/mo rent. Return on cash invested shows 28.98% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 151.49% and total cumulative return in cash records $62,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,087/mo property income covering a $609/mo payment rather than investor’s personal income.
Single Family
Built in 1994
7,840 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: Douglas Anderson • TD Management Co
Mls Name: SOMOMLS
Mls ID: #60311782