1511 Locust St APT 101Saint 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 1511 Locust St APT 101, Saint Louis, MO, 63103 generates $1,046/mo in rent, after a $661/mo payment. Total monthly income is $1,046/mo. Return on cash invested sits at 16.77% in year one, and rental yield is 9.3% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 89.21% and total cumulative return in cash sums $39,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,046/mo property income rather than buyer’s personal income.
Condo
Built in 1919
N/A lot
$N/A/sqft
$310 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: Lauren M Risley • Keller Williams Realty STL
Mls Name: MARIS
Mls Provider:
Mls ID: #23056929
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