1029 E College AveCarthageMO64836
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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
Rental property for sale in Carthage at 1029 E College Ave, Carthage, MO, 64836 priced at $214,700 pairs $1,825/mo rent with $488/mo cash flow after a $1,051/mo payment. Total monthly income equals $1,825/mo, and annual cash flow comes to $5,853/yr on $71,173 invested. Return on cash invested is 28.13% in year one, and rental yield stands at 10.2% on a $214,700 basis. Equity gained on principal adds $1,385/yr, and 5% annual appreciation accumulates to $59,318 by year five. Five-year ROI measures 146.99% and total cumulative return in cash reaches $104,619. For financing, Ziffy Mortgage’s DSCR program evaluates $1,825/mo property income against a $1,051/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1995
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64836, Carthage, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,295 (100%) |
| Owner Occupied HU | 6,434 (62.5%) |
| Renter Occupied HU | 2,957 (28.7%) |
| Vacant Housing Units | 904 ( 8.8%) |
| Median Home Value | $206,836 |
| Average Home Value | $245,087 |
Housing Distribution
Address Breakdown
Residential
9,654
Single Family
9,413
Multi-Family
241
Businesses
776
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