602 E Cherokee StreetSpringfieldMO65807
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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 602 E Cherokee Street, Springfield, MO, 65807 priced at $175,000 converts $1,638/mo rent into $548/mo cash flow after a $857/mo obligation. Total monthly income equals $1,638/mo, and annual cash flow totals $6,572/yr on $58,013 invested. Return on cash invested prints 31.24% in year one, and rental yield reads 11.23% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 163.67% and total cumulative return in cash sums $94,951. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,638/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65807, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,767 (100%) |
| Owner Occupied HU | 12,151 (42.2%) |
| Renter Occupied HU | 14,608 (50.8%) |
| Vacant Housing Units | 2,008 ( 7.0%) |
| Median Home Value | $199,856 |
| Average Home Value | $233,654 |
Housing Distribution
Address Breakdown
Residential
26,780
Single Family
23,613
Multi-Family
3,167
Businesses
1,904
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Listed by: Wes Litton • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60302043