The price on this Springfield brick ranch just dropped to $115,000, putting $112,000 in equity spread between purchase price and the $227,000 ARV. This 3BR/2BA sits on an oversized 14,505 sq ft lot, fully vacant and ready for your contractor. Pro forma rent of $1,115/month pencils to a 8.15% cap rate at the new price, with all utilities tenant-paid at stabilization. Springfield's rental market is tightening, with stabilized occupancy projecting around 94.7% in 2026.
This is an assignment. Once it's gone, it's gone.
KEY NUMBERS
ARV: $227K
Pro Forma Rent: $1,115/mo
Pro Forma NOI: $9,373/yr
Pro Forma Cap Rate: 6.7%
Taxes: $1,000/yr
Insurance: $1,000/yr
Utilities: All tenant-paid
Occupancy: 100% Vacant
PROPERTY DETAILS
3BR / 2BA | 1,654 sq ft | Built 1965
Lot: 14,505 sq ft
Brick ranch with attached garage, fireplace, central air
Westside neighborhood, Springfield, MO 65802
TERMS Cash / Hard Money / Private Money. Fast close required. Sold as-is. Seller will not make repairs.
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $212,820
From the listing
The seller picked no comps. Investimate’s own value for this home is $231,000.