1215 S Osage StIndependenceMO64055
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1215 S Osage St, Independence, MO, 64055 in Independence. Priced at $225,000, it generates $2,653/mo in gross rent and $1,252/mo in net monthly cash flow, a 14.15% yield that comfortably supports the 2.62 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $15,023. Five-year appreciation: $62,163. Equity from principal paydown: $2,072/yr. Total projected cumulative return: $165,876.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 7.0% |
| Monthly Cash Flow | $1,252 | $400 |
City averages based on Independence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,653 |
| Total Monthly Debt Service | $1,312 |
| DSCR Ratio | 2.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1921
10,009 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1921
10,009 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Niccum • RE/MAX Premier Properties
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2577035