108 S Grove StKearneyMO64060
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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 Kearney at 108 S Grove St, Kearney, MO, 64060 priced at $229,900 converts $1,609/mo rent into $177/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,609/mo, and annual cash flow totals $2,130/yr on $76,212 invested. Return on cash invested prints 22.7% in year one, and rental yield reads 8.4% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 117.9% and total cumulative return in cash sums $89,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,609/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64060, Kearney, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,125 (100%) |
| Owner Occupied HU | 5,010 (81.8%) |
| Renter Occupied HU | 950 (15.5%) |
| Vacant Housing Units | 165 ( 2.7%) |
| Median Home Value | $364,570 |
| Average Home Value | $387,772 |
Housing Distribution
Address Breakdown
Residential
6,102
Single Family
6,028
Multi-Family
74
Businesses
455
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