1501 Locust St APT 908Saint LouisMO63103
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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 Saint Louis at 1501 Locust St APT 908, Saint Louis, MO, 63103 generates $2,070/mo in rent and, after a $908/mo payment, leaves $509/mo in cash flow. Total monthly income is $2,070/mo, and annual cash flow is $6,108/yr on $61,526 invested. Return on cash invested sits at 29.84% in year one, and rental yield is 13.38% on a $185,600 entry. Equity gained on principal adds $1,198/yr, while 5% annual appreciation builds toward $51,278 over five years. Five-year ROI reaches 158.95% and total cumulative return in cash sums $97,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,070/mo property income rather than buyer’s personal income.
Condo
Built in 1917
N/A lot
$N/A/sqft
$312 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63103, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 536 ( 8.3%) |
| Renter Occupied HU | 4,544 (70.0%) |
| Vacant Housing Units | 1,413 (21.8%) |
| Median Home Value | $225,667 |
| Average Home Value | $283,427 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
267
Multi-Family
5,552
Businesses
976
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Listed by: N/A • N/A
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