2515 N West 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
Rental property for sale in Springfield at 2515 N West Avenue, Springfield, MO, 65803 generates $1,507/mo in rent and, after a $1,076/mo payment, leaves $138/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $1,654/yr on $72,897 invested. Return on cash invested sits at 22.18% in year one, and rental yield is 8.22% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 115.06% and total cumulative return in cash sums $83,872. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
9,583 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: Nina Ward • Property Brokers of S/W MO
Mls Name: SOMOMLS
Mls ID: #60312755