614 W Kerr StreetSpringfieldMO65803
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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 614 W Kerr Street, Springfield, MO, 65803 offers a 9.36% rental yield on a $219,900 purchase with $1,715/mo rent. Total monthly income registers $1,715/mo, and a $1,076/mo payment leaves $346/mo available for distribution. Annual cash flow reaches $4,150/yr on $72,897 to close, and return on cash invested stands at 25.6% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 133.41% and total cumulative return in cash at $97,252. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,715/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
10,454 sqft 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: Shelby L. Gildehaus • Murney Associates - Primrose
Mls Name: SOMOMLS
Mls ID: #60302976