1502 S Pleasant StIndependenceMO64055
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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 1502 S Pleasant St, Independence, MO, 64055 listed at $165,000 pairs $1,253/mo rent with a $808/mo payment to leave $225/mo cash flow. Total monthly income runs $1,253/mo, and annual cash flow reaches $2,700/yr on $54,698 cash to close. Return on cash invested measures 24.85% in year one, and rental yield registers 9.11% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 129.35% and total cumulative return in cash totals $70,751. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,253/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1923
6,990 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64055, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 10,769 (62.7%) |
| Renter Occupied HU | 5,295 (30.8%) |
| Vacant Housing Units | 1,117 ( 6.5%) |
| Median Home Value | $206,236 |
| Average Home Value | $233,102 |
Housing Distribution
Address Breakdown
Residential
16,269
Single Family
14,161
Multi-Family
2,108
Businesses
1,378
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Listed by: Tiffany Kelsey • ReeceNichols - Lees Summit
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2579586