1114 Lucas Ave UNIT 308Saint LouisMO63101
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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 Saint Louis at 1114 Lucas Ave UNIT 308, Saint Louis, MO, 63101 uses $42,366 cash to close to unlock $6,251/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $626/mo payment keeps the spread at $521/mo. Purchase price stands at $127,800, and rental yield measures 12.72% with $1,355/mo rent. Return on cash invested shows 34.66% in year one, and 5% annual appreciation builds toward $35,309 over five years. Five-year ROI reaches 182.4% and total cumulative return in cash records $77,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $626/mo payment rather than investor’s personal income.
Condo
Built in 1896
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63101, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,372 (100%) |
| Owner Occupied HU | 301 ( 8.9%) |
| Renter Occupied HU | 2,615 (77.6%) |
| Vacant Housing Units | 456 (13.5%) |
| Median Home Value | $289,157 |
| Average Home Value | $362,500 |
Housing Distribution
Address Breakdown
Residential
2,767
Single Family
95
Multi-Family
2,672
Businesses
575
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A