2946 W Olive 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 2946 W Olive Street, Springfield, MO, 65802 offers a 6.43% rental yield on a $295,900 purchase with $1,585/mo rent. 76% in year one. Equity gained on principal adds $1,909/yr while 5% annual appreciation supports $81,752 over five years. Portfolio math shows five-year ROI at 86.01% and total cumulative return in cash at $84,369. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,585/mo property income against a $1,448/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,405 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: Tania Shvets • ReeceNichols - Springfield
Mls Name: SOMOMLS
Mls ID: #60308197