2641 E Grand StreetSpringfieldMO65804
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
Investment Highlights
Investment property for sale in Springfield at 2641 E Grand Street, Springfield, MO, 65804 earns $299/mo cash flow from $1,420/mo rent with a $881/mo payment. Total monthly income totals $1,420/mo, and annual cash flow totals $3,590/yr on $59,637 capital. ROI tracks 25.93% on current figures, and rental yield reads 9.47% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 135.23% and total cumulative return in cash sums $80,649. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,420/mo property income instead of your personal income.
Single Family
Built in 1962
7,183 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Isaac Isaia • Wiser Living Realty LLC
Mls Name: SOMOMLS
Mls ID: #60303390