1608 S Spring StIndependenceMO64055
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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 Independence at 1608 S Spring St, Independence, MO, 64055 uses $45,581 cash to close to unlock $2,396/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,056/mo, and a $673/mo payment keeps the spread at $200/mo. Purchase price stands at $137,500, and rental yield measures 9.22% with $1,056/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 131.12% and total cumulative return in cash records $59,765. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,056/mo property income covering a $673/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64055, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 10,769 (62.7%) |
| Renter Occupied HU | 5,295 (30.8%) |
| Vacant Housing Units | 1,117 ( 6.5%) |
| Median Home Value | $206,236 |
| Average Home Value | $233,102 |
Housing Distribution
Address Breakdown
Residential
16,269
Single Family
14,161
Multi-Family
2,108
Businesses
1,378
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Listed by: Belinda Olson • Keller Williams Platinum Prtnr
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2592629