1215 S Delaware AveIndependenceMO64055
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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 1215 S Delaware Ave, Independence, MO, 64055 earns $191/mo cash flow from $1,063/mo rent with a $685/mo payment. Total monthly income totals $1,063/mo, and annual cash flow totals $2,296/yr on $46,410 capital. ROI tracks 24.86% on current figures, and rental yield reads 9.11% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 129.51% and total cumulative return in cash sums $60,106. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,063/mo property income instead of your personal income.
Single Family
Built in 1955
3,758 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: Abel Cruz • Compass Realty Group
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2569434