1004 S Home 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 1004 S Home Ave, Independence, MO, 64053 uses $48,068 cash to close to unlock $2,384/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,102/mo, and a $710/mo payment keeps the spread at $199/mo. Purchase price stands at $145,000, and rental yield measures 9.12% with $1,102/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 129.53% and total cumulative return in cash records $62,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,102/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.31 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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Listed by: Laurie Walls • Keller Williams KC North
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2571153