718 N Patterson AvenueSpringfieldMO65802
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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 718 N Patterson Avenue, Springfield, MO, 65802 with 5% annual appreciation on a $184,900 basis while $1,459/mo rent supports operations. Total monthly income totals $1,459/mo and a $905/mo payment preserves $307/mo for cash returns. Annual cash flow comes to $3,690/yr on $61,294 deployed, and return on cash invested reaches 25.93% in year one. Equity gained on principal adds $1,193/yr, and five-year appreciation sums $51,084 alongside rental yield of 9.47%. Five-year ROI measures 135.21% and total cumulative return in cash totals $82,879.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,459/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.25 Acres 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
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Listed by: Tamra J Tucker • A R Wilson, REALTORS
Mls Name: SOMOMLS
Mls ID: #60313810