3456 E Catalpa StreetSpringfieldMO65809
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3456 E Catalpa Street, Springfield, MO, 65809 priced at $275,000 pairs $2,198/mo rent with $180/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,198/mo, and annual cash flow comes to $2,154/yr on $91,163 invested. Return on cash invested is 22.27% in year one, and rental yield stands at 9.59% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 117.05% and total cumulative return in cash reaches $106,703. For financing, Ziffy Mortgage’s DSCR program evaluates $2,198/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$3,670 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65809, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,151 (100%) |
| Owner Occupied HU | 4,307 (83.6%) |
| Renter Occupied HU | 597 (11.6%) |
| Vacant Housing Units | 247 ( 4.8%) |
| Median Home Value | $376,234 |
| Average Home Value | $481,565 |
Housing Distribution
Address Breakdown
Residential
5,081
Single Family
4,884
Multi-Family
197
Businesses
105
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Listed by: Joy Robertson • Murney Associates - Primrose
Mls Name: SOMOMLS
Mls Provider:
Mls ID: #60290014
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