$75,000
3042 W Hovey St, Springfield, MO 65802
Current Rent **
$1,000
Projected Rent **
$1,278
Collect $ $1,278 in this SFR in π¦π½πΏπΆπ»π΄π³πΆπ²πΉπ±, π π’
Opportunity is knocking!
Pick up this Single Family Residence in Springfield, Missouri!
ARV: $201,831
Current Rent: $1,000/month
Potential Rent: $1,278/month
DETAILS
Mix: One 4BR/1 Bath Unit
Occupancy: 100% Occupied
Construction: Frame
Building Square Footage: 1,252
Lot Size: 0.32 acre
Year Built: 1976
7-minute drive to Route 66 Car Museum and 15-minute drive to Wonders Of Wildlife National Museum & Aquarium
9-minute drive to Deer Lake Golf Course and Horton Smith Golf Course
11-minute drive to Missouri State University
Units: SFR
Current Rents: $1,000/Unit.
Market Rents: $1,278/Unit
Utilities: Tenants pay for all utilities.
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
ARV: $201,831
($112k BELOW ARV)
Location:
3042 W Hovey St, Springfield, MO 65802
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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