1223 S Osage StIndependenceMO64055
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1223 S Osage St, Independence, MO, 64055 in Independence at $130,000 earns $1,002/mo in rent and nets $192/mo after the $585/mo payment, a 9.25% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,917 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $1,197/yr in principal paydown, total projected return reaches $61,685.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $192 | $400 |
City averages based on Independence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,002 |
| Total Monthly Debt Service | $758 |
| DSCR Ratio | 1.32x |
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 1951
10,237 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 1951
10,237 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: David Van Noy Jr. • Van Noy Real Estate
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2577326