540 S Hickory DriveSpringfieldMO65809
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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 540 S Hickory Drive, Springfield, MO, 65809 priced at $384,000 converts $2,945/mo rent into $554/mo cash flow after a $1,879/mo obligation. Total monthly income equals $2,945/mo, and annual cash flow totals $6,648/yr on $127,296 invested. Return on cash invested prints 25.13% in year one, and rental yield reads 9.2% against a $384,000 entry. Equity gained on principal adds $2,478/yr, while 5% annual appreciation compiles into $106,092 by year five. Five-year ROI reaches 130.88% and total cumulative return in cash sums $166,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,945/mo property income covering a $1,879/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.51 Acres lot
$N/A/sqft
No 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: Mina L Sorey • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60312600