1505 NE 183rd StSmithvilleMO64089
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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 Smithville at 1505 NE 183rd St, Smithville, MO, 64089 uses $141,882 cash to close to unlock $1,852/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $2,095/mo payment keeps the spread at $154/mo. Purchase price stands at $428,000, and rental yield measures 7.91% with $2,820/mo rent. Return on cash invested shows 21.21% in year one, and 5% annual appreciation builds toward $118,249 over five years. Five-year ROI reaches 109.92% and total cumulative return in cash records $155,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $2,095/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64089, Smithville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,489 (100%) |
| Owner Occupied HU | 4,430 (80.7%) |
| Renter Occupied HU | 891 (16.2%) |
| Vacant Housing Units | 168 ( 3.1%) |
| Median Home Value | $363,821 |
| Average Home Value | $447,894 |
Housing Distribution
Address Breakdown
Residential
5,436
Single Family
5,436
Multi-Family
0
Businesses
366
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Listed by: Terri Riddle • Keller Williams KC North
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2587549