1583 State Highway Jj UNIT StateSpartaMO65753
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
Rental property for sale in Sparta at 1583 State Highway Jj UNIT State, Sparta, MO, 65753 generates $3,052/mo in rent, after a $3,035/mo payment. Total monthly income is $3,052/mo. Return on cash invested sits at 15.3% in year one, and rental yield is 5.91% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 78.14% and total cumulative return in cash sums $159,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,052/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65753, Sparta, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,664 (77.1%) |
| Renter Occupied HU | 358 (16.6%) |
| Vacant Housing Units | 135 ( 6.3%) |
| Median Home Value | $261,888 |
| Average Home Value | $334,432 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,868
Multi-Family
12
Businesses
64
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Listed by: Langston Group • Murney Associates - Primrose
Mls Name: SOMOMLS
Mls Provider:
Mls ID: #60295759
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