2829 N Grant 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
Investment property for sale in Springfield at 2829 N Grant Avenue, Springfield, MO, 65803 uses $38,951 cash to close to unlock $5,212/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,166/mo, and a $575/mo payment keeps the spread at $434/mo. Purchase price stands at $117,500, and rental yield measures 11.91% with $1,166/mo rent. Return on cash invested shows 33.29% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 174.75% and total cumulative return in cash records $68,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,166/mo property income covering a $575/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.42 Acres 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: Wes Litton • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60313385