3337 N Colgate 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 3337 N Colgate Avenue, Springfield, MO, 65803 offers a 8.28% rental yield on a $320,000 purchase with $2,209/mo rent. Total monthly income registers $2,209/mo, and a $1,566/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,596/yr on $106,080 to close, and return on cash invested stands at 22.36% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 116.03% and total cumulative return in cash at $123,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,209/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.31 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: Korby Stockton • Lake Homes Realty of Missouri LLC.
Mls Name: SOMOMLS
Mls ID: #60306448