2321 W Nichols StSpringfieldMO65802
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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 2321 W Nichols St, Springfield, MO, 65802 listed at $157,000 pairs $1,040/mo rent with a $768/mo payment to leave $63/mo cash flow. Total monthly income runs $1,040/mo, and annual cash flow reaches $752/yr on $52,046 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 7.95% at a $157,000 basis. Equity gained on principal adds $1,013/yr, and annual property appreciation at 5% supports $43,376 by year five. Five-year ROI tracks 110.64% and total cumulative return in cash totals $57,584. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,040/mo property income relative to a $768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
7,000 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: N/A • N/A
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