2350 E Inman StreetSpringfieldMO65804
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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
Rental property for sale in Springfield at 2350 E Inman Street, Springfield, MO, 65804 generates $2,214/mo in rent, after a $1,831/mo payment. Total monthly income is $2,214/mo. Return on cash invested sits at 18.79% in year one, and rental yield is 7.1% on a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation builds toward $103,329 over five years. Five-year ROI reaches 96.92% and total cumulative return in cash sums $120,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65804, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,748 (100%) |
| Owner Occupied HU | 10,768 (51.9%) |
| Renter Occupied HU | 8,686 (41.9%) |
| Vacant Housing Units | 1,294 ( 6.2%) |
| Median Home Value | $262,746 |
| Average Home Value | $310,378 |
Housing Distribution
Address Breakdown
Residential
19,491
Single Family
17,913
Multi-Family
1,578
Businesses
2,252
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Listed by: Mary Ann Trace • EXP Realty LLC
Mls Name: SOMOMLS
Mls ID: #60308979