623 W Walnut Street UNIT 404SpringfieldMO65806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 623 W Walnut Street UNIT 404, Springfield, MO, 65806 in Springfield: $1,337/mo in rent, $428/mo in net income, 11% gross yield, 2.04 DSCR, all at $145,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $40,309 in appreciation and $1,344/yr in principal paydown projects total cumulative return of $75,318.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.5% |
| Monthly Cash Flow | $428 | $285 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,337 |
| Total Monthly Debt Service | $978 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65806, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,886 (100%) |
| Owner Occupied HU | 808 (10.2%) |
| Renter Occupied HU | 5,857 (74.3%) |
| Vacant Housing Units | 1,221 (15.5%) |
| Median Home Value | $95,000 |
| Average Home Value | $155,909 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
5,326
Multi-Family
2,015
Businesses
683
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65806, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,886 (100%) |
| Owner Occupied HU | 808 (10.2%) |
| Renter Occupied HU | 5,857 (74.3%) |
| Vacant Housing Units | 1,221 (15.5%) |
| Median Home Value | $95,000 |
| Average Home Value | $155,909 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
5,326
Multi-Family
2,015
Businesses
683
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Rudy • TurnKey Real Estate Sales and Management
Mls Name: SOMOMLS
Mls Provider:
Mls ID: #60267706
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