1313-1315 S Franklin AveIndependenceMO64052
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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 1313-1315 S Franklin Ave, Independence, MO, 64052 uses $58,013 cash to close to unlock $2,684/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,314/mo, and a $857/mo payment keeps the spread at $224/mo. Purchase price stands at $175,000, and rental yield measures 9.01% with $1,314/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 127.74% and total cumulative return in cash records $74,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,314/mo property income covering a $857/mo payment rather than investor’s personal income.
Multi Family
Built in 1959
8,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64052, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,126 (100%) |
| Owner Occupied HU | 5,630 (55.6%) |
| Renter Occupied HU | 3,452 (34.1%) |
| Vacant Housing Units | 1,044 (10.3%) |
| Median Home Value | $153,381 |
| Average Home Value | $205,882 |
Housing Distribution
Address Breakdown
Residential
9,545
Single Family
9,184
Multi-Family
361
Businesses
328
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Listed by: Ken Hoover Group • Keller Williams KC North
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2589234