1508 Hale AvePlatte CityMO64079
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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 Platte City at 1508 Hale Ave, Platte City, MO, 64079 offers $1,980/mo rent that, after a $1,674/mo payment. Total monthly income is $1,980/mo. Return on cash invested measures 18.32% in year one, and rental yield stands at 6.95% at a $342,000 entry. Equity gained on principal adds $2,207/yr while 5% annual appreciation compounds into $94,488 by year five. Five-year ROI records 94.36% and total cumulative return in cash reaches $106,978. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $1,674/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64079, Platte City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,923 (100%) |
| Owner Occupied HU | 4,279 (72.2%) |
| Renter Occupied HU | 1,388 (23.4%) |
| Vacant Housing Units | 256 ( 4.3%) |
| Median Home Value | $372,475 |
| Average Home Value | $400,408 |
Housing Distribution
Address Breakdown
Residential
5,631
Single Family
5,386
Multi-Family
245
Businesses
393
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Listed by: Nelson Group • Keller Williams KC North
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2572528