1501 Spruce StreetLockwoodMO65682
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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 Lockwood at 1501 Spruce Street, Lockwood, MO, 65682 uses $36,465 cash to close to unlock $4,144/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $1,030/mo, and a $538/mo payment keeps the spread at $345/mo. Purchase price stands at $110,000, and rental yield measures 11.24% with $1,030/mo rent. Return on cash invested shows 31.27% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 163.91% and total cumulative return in cash records $59,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,030/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65682, Lockwood, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 849 (100%) |
| Owner Occupied HU | 519 (61.1%) |
| Renter Occupied HU | 170 (20.0%) |
| Vacant Housing Units | 160 (18.8%) |
| Median Home Value | $174,342 |
| Average Home Value | $234,041 |
Housing Distribution
Address Breakdown
Residential
694
Single Family
694
Multi-Family
0
Businesses
71
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