Lot 24 E Merryvale CourtSpringfieldMO65809
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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
Rental property for sale in Springfield at Lot 24 E Merryvale Court, Springfield, MO, 65809 generates $2,640/mo in rent, after a $9,789/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 2.19% in year one, and rental yield is 1.58% on a $1,999,900 entry. Equity gained on principal adds $12,905/yr, while 5% annual appreciation builds toward $552,536 over five years. Five-year ROI reaches 7.79% and total cumulative return in cash sums $50,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65809, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,151 (100%) |
| Owner Occupied HU | 4,307 (83.6%) |
| Renter Occupied HU | 597 (11.6%) |
| Vacant Housing Units | 247 ( 4.8%) |
| Median Home Value | $376,234 |
| Average Home Value | $481,565 |
Housing Distribution
Address Breakdown
Residential
5,081
Single Family
4,884
Multi-Family
197
Businesses
105
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Listed by: Avery Grant • Alpha Realty MO, LLC
Mls Name: SOMOMLS
Mls ID: #60301612