11203 Putnam StIndependenceMO64054
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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 Independence at 11203 Putnam St, Independence, MO, 64054 generates $1,020/mo in rent and, after a $661/mo payment, leaves $179/mo in cash flow. Total monthly income is $1,020/mo, and annual cash flow is $2,148/yr on $44,753 invested. Return on cash invested sits at 24.71% in year one, and rental yield is 9.07% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 128.63% and total cumulative return in cash sums $57,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
7,844 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64054, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,884 (100%) |
| Owner Occupied HU | 964 (51.2%) |
| Renter Occupied HU | 679 (36.0%) |
| Vacant Housing Units | 241 (12.8%) |
| Median Home Value | $100,962 |
| Average Home Value | $142,770 |
Housing Distribution
Address Breakdown
Residential
1,726
Single Family
1,726
Multi-Family
0
Businesses
92
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Listed by: Saundra Hendricks • RE/MAX Premier Properties
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2591531