1202 E 23rd St SIndependenceMO64055
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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 1202 E 23rd St S, Independence, MO, 64055 uses $38,123 cash to close to unlock $2,324/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $910/mo, and a $563/mo payment keeps the spread at $194/mo. Purchase price stands at $115,000, and rental yield measures 9.5% with $910/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 135.63% and total cumulative return in cash records $51,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $910/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,597 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64055, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 10,769 (62.7%) |
| Renter Occupied HU | 5,295 (30.8%) |
| Vacant Housing Units | 1,117 ( 6.5%) |
| Median Home Value | $206,236 |
| Average Home Value | $233,102 |
Housing Distribution
Address Breakdown
Residential
16,269
Single Family
14,161
Multi-Family
2,108
Businesses
1,378
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Listed by: Bryn Mcreynolds • Advance Realty Group LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2588859