847 S Delaware AvenueSpringfieldMO65802
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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 847 S Delaware Avenue, Springfield, MO, 65802 priced at $299,950 pairs $1,896/mo rent with $28/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,896/mo, and annual cash flow comes to $337/yr on $99,433 invested. Return on cash invested is 20.25% in year one, and rental yield stands at 7.59% on a $299,950 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,871 by year five. Five-year ROI measures 104.75% and total cumulative return in cash reaches $104,156. For financing, Ziffy Mortgage’s DSCR program evaluates $1,896/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1931
9,147 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
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Listed by: Brett Reinhart • BUY & SELL REALTY, LLC
Mls Name: SOMOMLS
Mls ID: #60308903