2941 S Versailles AvenueSpringfieldMO65804
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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 2941 S Versailles Avenue, Springfield, MO, 65804 priced at $359,900 pairs $3,287/mo rent with $1,045/mo cash flow after a $1,762/mo payment. Total monthly income equals $3,287/mo, and annual cash flow comes to $12,542/yr on $119,307 invested. Return on cash invested is 30.42% in year one, and rental yield stands at 10.96% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 159.29% and total cumulative return in cash reaches $190,046. For financing, Ziffy Mortgage’s DSCR program evaluates $3,287/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
0.32 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: Faunlee Harle • AMAX Real Estate
Mls Name: SOMOMLS
Mls ID: #60302882