145 E Farmer StIndependenceMO64050
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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
Rental property for sale in Independence at 145 E Farmer St, Independence, MO, 64050 priced at $140,000 pairs $1,260/mo rent with $388/mo cash flow after a $685/mo payment. Total monthly income equals $1,260/mo, and annual cash flow comes to $4,660/yr on $46,410 invested. Return on cash invested is 29.95% in year one, and rental yield stands at 10.8% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 156.82% and total cumulative return in cash reaches $72,778. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2,778 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64050, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,285 (100%) |
| Owner Occupied HU | 4,850 (47.2%) |
| Renter Occupied HU | 4,367 (42.5%) |
| Vacant Housing Units | 1,068 (10.4%) |
| Median Home Value | $174,823 |
| Average Home Value | $230,234 |
Housing Distribution
Address Breakdown
Residential
9,545
Single Family
8,460
Multi-Family
1,085
Businesses
580
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Listed by: Guadalupe Venegas • ReeceNichols - Parkville
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2595089