1605 Ridge Bend DrGlencoeMO63038
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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 Glencoe at 1605 Ridge Bend Dr, Glencoe, MO, 63038 generates $4,794/mo in rent and, after a $3,304/mo payment, leaves $590/mo in cash flow. Total monthly income is $4,794/mo, and annual cash flow is $7,080/yr on $222,075 invested. Return on cash invested sits at 23.25% in year one, and rental yield is 8.52% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 120.75% and total cumulative return in cash sums $268,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63038, Glencoe, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,395 (100%) |
| Owner Occupied HU | 2,228 (93.0%) |
| Renter Occupied HU | 100 ( 4.2%) |
| Vacant Housing Units | 67 ( 2.8%) |
| Median Home Value | $560,881 |
| Average Home Value | $616,372 |
Housing Distribution
Address Breakdown
Residential
2,557
Single Family
2,452
Multi-Family
105
Businesses
87
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