1515 Lafayette Ave UNIT 619Saint LouisMO63104
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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 Saint Louis at 1515 Lafayette Ave UNIT 619, Saint Louis, MO, 63104 offers a 10.73% rental yield on a $178,900 purchase with $1,599/mo rent. 23% in year one. Equity gained on principal adds $1,154/yr while 5% annual appreciation supports $49,427 over five years. Portfolio math shows five-year ROI at 73.06% and total cumulative return in cash at $43,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,599/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1903
N/A lot
$N/A/sqft
$762 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63104, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,429 (100%) |
| Owner Occupied HU | 3,773 (33.0%) |
| Renter Occupied HU | 5,853 (51.2%) |
| Vacant Housing Units | 1,803 (15.8%) |
| Median Home Value | $340,630 |
| Average Home Value | $370,512 |
Housing Distribution
Address Breakdown
Residential
10,558
Single Family
7,106
Multi-Family
3,452
Businesses
690
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Listed by: Zak & Tami Dittamore • Re/Max Alliance
Mls Name: MARIS
Mls Provider:
Mls ID: #25027693
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