1601 Ridgewood RdNeoshoMO64850
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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 Neosho at 1601 Ridgewood Rd, Neosho, MO, 64850 offers a 8.48% rental yield on a $219,900 purchase with $1,554/mo rent. Total monthly income registers $1,554/mo, and a $1,076/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,218/yr on $72,897 to close, and return on cash invested stands at 22.95% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 119.2% and total cumulative return in cash at $86,896. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,554/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64850, Neosho, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,353 (100%) |
| Owner Occupied HU | 6,757 (65.3%) |
| Renter Occupied HU | 2,739 (26.5%) |
| Vacant Housing Units | 857 ( 8.3%) |
| Median Home Value | $181,734 |
| Average Home Value | $221,241 |
Housing Distribution
Address Breakdown
Residential
10,318
Single Family
9,989
Multi-Family
329
Businesses
944
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Listed by: Ray Skelton • Pro 100 Neosho
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #253073
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.