652 W Hovey StreetSpringfieldMO65802
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
Investment Highlights
Rental property for sale in Springfield at 652 W Hovey Street, Springfield, MO, 65802 priced at $160,000 converts $1,413/mo rent into $417/mo cash flow after a $783/mo obligation. Total monthly income equals $1,413/mo, and annual cash flow totals $5,000/yr on $53,040 invested. Return on cash invested prints 29.34% in year one, and rental yield reads 10.6% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 153.46% and total cumulative return in cash sums $81,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,413/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65802, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,130 (100%) |
| Owner Occupied HU | 11,217 (50.7%) |
| Renter Occupied HU | 9,182 (41.5%) |
| Vacant Housing Units | 1,731 ( 7.8%) |
| Median Home Value | $204,089 |
| Average Home Value | $243,126 |
Housing Distribution
Address Breakdown
Residential
20,853
Single Family
20,101
Multi-Family
752
Businesses
1,497
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina G McCullough • The Real Estate Broker
Mls Name: SOMOMLS
Mls ID: #60297225