Springfield, MOSPRI-MO-PHELPS-GROVE-UNIVERSITY-HEIGHTS

Phelps Grove / University Heights

Strong Buy
Strategy · AppreciationRemote fit · HighConfidence · Developing
Entry price$260K-400K
Typical rent$1,600-2,200
Gross yield5-7%
The case

Established, tree-lined neighborhoods near MSU with historic homes and steady appreciation, drawing higher-income tenants and offering restoration-to-rental upside.

Risks

Premium pricing for the area and older-home maintenance; yields are moderate. Underwrite renovation scope where applicable.

Best for

Appreciation buyers who want established character and a stable, higher-income tenant base.

Buy-box fit

0 entries

No published buy-box fits for this neighborhood.