1204 N Spring StIndependenceMO64050
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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 1204 N Spring St, Independence, MO, 64050 uses $62,985 cash to close to unlock $3,680/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $1,490/mo, and a $930/mo payment keeps the spread at $307/mo. Purchase price stands at $190,000, and rental yield measures 9.41% with $1,490/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 134.24% and total cumulative return in cash records $84,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,490/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1916
6,891 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64050, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,285 (100%) |
| Owner Occupied HU | 4,850 (47.2%) |
| Renter Occupied HU | 4,367 (42.5%) |
| Vacant Housing Units | 1,068 (10.4%) |
| Median Home Value | $174,823 |
| Average Home Value | $230,234 |
Housing Distribution
Address Breakdown
Residential
9,545
Single Family
8,460
Multi-Family
1,085
Businesses
580
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Listed by: Madison Boucher • 1st Class Real Estate KC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2565348