615 E Cardinal StreetSpringfieldMO65810
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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 615 E Cardinal Street, Springfield, MO, 65810 offers a 9.57% rental yield on a $270,000 purchase with $2,153/mo rent. Total monthly income registers $2,153/mo, and a $1,322/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,652/yr on $89,505 to close, and return on cash invested stands at 26.22% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 136.74% and total cumulative return in cash at $122,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,153/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65810, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,139 (100%) |
| Owner Occupied HU | 6,825 (67.3%) |
| Renter Occupied HU | 2,931 (28.9%) |
| Vacant Housing Units | 383 ( 3.8%) |
| Median Home Value | $319,891 |
| Average Home Value | $350,819 |
Housing Distribution
Address Breakdown
Residential
10,108
Single Family
9,400
Multi-Family
708
Businesses
342
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Listed by: Deborah Ruhl • ReeceNichols -Kimberling City
Mls Name: SOMOMLS
Mls ID: #60310686