2831 W Elm StreetSpringfieldMO65802
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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 2831 W Elm Street, Springfield, MO, 65802 uses $35,139 cash to close to unlock $3,020/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $912/mo, and a $519/mo payment keeps the spread at $252/mo. Purchase price stands at $106,000, and rental yield measures 10.32% with $912/mo rent. Return on cash invested shows 28.5% in year one, and 5% annual appreciation builds toward $29,286 over five years. Five-year ROI reaches 149.04% and total cumulative return in cash records $52,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $912/mo property income covering a $519/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65802, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,130 (100%) |
| Owner Occupied HU | 11,217 (50.7%) |
| Renter Occupied HU | 9,182 (41.5%) |
| Vacant Housing Units | 1,731 ( 7.8%) |
| Median Home Value | $204,089 |
| Average Home Value | $243,126 |
Housing Distribution
Address Breakdown
Residential
20,853
Single Family
20,101
Multi-Family
752
Businesses
1,497
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Listed by: Nicole Pettyjohn • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60307723