1423 S Hardy 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 1423 S Hardy Ave, Independence, MO, 64052 offers a 9.32% rental yield on a $123,700 purchase with $961/mo rent. Total monthly income registers $961/mo, and a $605/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,293/yr on $41,007 to close, and return on cash invested stands at 25.5% in year one. Equity gained on principal adds $798/yr while 5% annual appreciation supports $34,176 over five years. Portfolio math shows five-year ROI at 132.99% and total cumulative return in cash at $54,533. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $961/mo property income against a $605/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,800 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: Lynnette Shattuck • Sky Realty & Development
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2584842