657 S Newton AvenueSpringfieldMO65806
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 657 S Newton Avenue, Springfield, MO, 65806 offers $923/mo rent that, after a $538/mo payment, leaves $238/mo cash flow. Total monthly income is $923/mo, and annual cash flow is $2,862/yr on $36,432 cash. Return on cash invested measures 27.76% in year one, and rental yield stands at 10.08% at a $109,900 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,363 by year five. Five-year ROI records 145.07% and total cumulative return in cash reaches $52,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $923/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
9,147 sqft 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
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Listed by: Isaac Isaia • Wiser Living Realty LLC
Mls Name: SOMOMLS
Mls ID: #60306260