1606 S Picher AveJoplinMO64804
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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 Joplin at 1606 S Picher Ave, Joplin, MO, 64804 uses $38,089 cash to close to unlock $2,374/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $913/mo, and a $562/mo payment keeps the spread at $198/mo. Purchase price stands at $114,900, and rental yield measures 9.54% with $913/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 136.33% and total cumulative return in cash records $51,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $913/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64804, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 10,510 (57.9%) |
| Renter Occupied HU | 5,849 (32.2%) |
| Vacant Housing Units | 1,783 ( 9.8%) |
| Median Home Value | $201,071 |
| Average Home Value | $253,353 |
Housing Distribution
Address Breakdown
Residential
16,919
Single Family
15,780
Multi-Family
1,139
Businesses
1,276
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Listed by: Danny Lowe • Fathom Realty
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #251922
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.