824 W Elm StreetSpringfieldMO65806
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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 824 W Elm Street, Springfield, MO, 65806 at $237,000 posts ROI 32.34% with $814/mo cash flow from $2,290/mo rent. Total monthly income equals $2,290/mo, and annual cash flow records $9,768/yr on $78,566 to close. Return on cash invested measures 32.34% and rental yield reads 11.59% at the current $237,000. Equity gained on principal adds $1,529/yr, and 5% annual appreciation supports $65,479 by year five. Five-year ROI prints 169.55% and total cumulative return in cash totals $133,208.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,290/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1912
7,840 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: Dana R. Ingle • EXP Realty LLC
Mls Name: SOMOMLS
Mls ID: #60308872