2323 W Walnut StreetSpringfieldMO65806
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2323 W Walnut Street, Springfield, MO, 65806 in Springfield at $149,900 earns $965/mo in rent and nets $31/mo after the $674/mo payment, a 7.72% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,415 over five years. Ziffy Mortgage underwrites this on a 1.43 DSCR without U.S. credit history. With $1,381/yr in principal paydown, total projected return reaches $58,943.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.5% |
| Monthly Cash Flow | $31 | $285 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $965 |
| Total Monthly Debt Service | $874 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1936
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65806, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,886 (100%) |
| Owner Occupied HU | 808 (10.2%) |
| Renter Occupied HU | 5,857 (74.3%) |
| Vacant Housing Units | 1,221 (15.5%) |
| Median Home Value | $95,000 |
| Average Home Value | $155,909 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
5,326
Multi-Family
2,015
Businesses
683
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
Single Family
Built in 1936
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65806, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,886 (100%) |
| Owner Occupied HU | 808 (10.2%) |
| Renter Occupied HU | 5,857 (74.3%) |
| Vacant Housing Units | 1,221 (15.5%) |
| Median Home Value | $95,000 |
| Average Home Value | $155,909 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
5,326
Multi-Family
2,015
Businesses
683
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Preston Stoll • PB Realty
Mls Name: SOMOMLS
Mls ID: #60309782