1002 S Glenwood AveIndependenceMO64053
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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
Investment property for sale in Independence at 1002 S Glenwood Ave, Independence, MO, 64053 offers a 10.71% rental yield on a $225,300 purchase with $2,010/mo rent. Total monthly income registers $2,010/mo, and a $1,103/mo payment leaves $607/mo available for distribution. Annual cash flow reaches $7,279/yr on $74,687 to close, and return on cash invested stands at 29.66% in year one. Equity gained on principal adds $1,454/yr while 5% annual appreciation supports $62,246 over five years. Portfolio math shows five-year ROI at 155.19% and total cumulative return in cash at $115,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,010/mo property income against a $1,103/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64053, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,644 (100%) |
| Owner Occupied HU | 1,235 (46.7%) |
| Renter Occupied HU | 1,076 (40.7%) |
| Vacant Housing Units | 333 (12.6%) |
| Median Home Value | $87,337 |
| Average Home Value | $136,152 |
Housing Distribution
Address Breakdown
Residential
2,424
Single Family
2,362
Multi-Family
62
Businesses
76
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