1511 Locust St APT 404Saint LouisMO63103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Saint Louis at 1511 Locust St APT 404, Saint Louis, MO, 63103 uses $53,007 cash to close to unlock $3,178/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $1,261/mo, and a $783/mo payment keeps the spread at $265/mo. Purchase price stands at $159,900, and rental yield measures 9.46% with $1,261/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 135.05% and total cumulative return in cash records $71,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,261/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1919
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bjaye Greer • RedKey Realty Leaders
Mls Name: MARIS
Mls ID: #26002670