1030 N Hanover CtIndependenceMO64056
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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 1030 N Hanover Ct, Independence, MO, 64056 uses $127,163 cash to close to unlock $6,637/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $2,986/mo, and a $1,878/mo payment keeps the spread at $553/mo. Purchase price stands at $383,600, and rental yield measures 9.34% with $2,986/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $105,982 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash records $166,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,986/mo property income covering a $1,878/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
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