823 S Barnes AvenueSpringfieldMO65802
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
Investment property for sale in Springfield at 823 S Barnes Avenue, Springfield, MO, 65802 uses $80,389 cash to close to unlock $1,700/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $1,187/mo payment keeps the spread at $142/mo. Purchase price stands at $242,500, and rental yield measures 8.17% with $1,652/mo rent. Return on cash invested shows 22.02% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 114.26% and total cumulative return in cash records $91,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $1,187/mo payment rather than investor’s personal income.
Single Family
Built in 1963
6,969 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: Jason + Elle Realtors • Society Real Estate LLC
Mls Name: SOMOMLS
Mls ID: #60311327