57 Kings Cove LaneReeds SpringMO65737
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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 Reeds Spring at 57 Kings Cove Lane, Reeds Spring, MO, 65737 generates $1,740/mo in rent and, after a $905/mo payment, leaves $588/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $7,060/yr on $61,328 invested. Return on cash invested sits at 31.42% in year one, and rental yield is 11.29% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 164.68% and total cumulative return in cash sums $100,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Condo
Built in 1963
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65737, Reeds Spring, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,475 (100%) |
| Owner Occupied HU | 3,030 (55.3%) |
| Renter Occupied HU | 708 (12.9%) |
| Vacant Housing Units | 1,737 (31.7%) |
| Median Home Value | $282,963 |
| Average Home Value | $345,101 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
4,198
Multi-Family
0
Businesses
478
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Listed by: Amanda Hegg • ReeceNichols - Springfield
Mls Name: SOMOMLS
Mls ID: #60313673