1609 Salem Hills DrSaint LouisMO63119
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Saint Louis rentals match the income profile of 1609 Salem Hills Dr, Saint Louis, MO, 63119. Listed at $319,900, gross rent is $2,810/mo and net cash flow is $818/mo, a 10.54% yield well above national averages. DSCR 1.95 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $88,382 by year five with $2,946/yr in annual principal reduction, projecting $174,023 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 7.8% |
| Monthly Cash Flow | $818 | $450 |
City averages based on Saint Louis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,810 |
| Total Monthly Debt Service | $1,865 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1952
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63119, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,458 (100%) |
| Owner Occupied HU | 11,084 (71.7%) |
| Renter Occupied HU | 3,452 (22.3%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $376,319 |
| Average Home Value | $439,587 |
Housing Distribution
Address Breakdown
Residential
14,893
Single Family
12,751
Multi-Family
2,142
Businesses
1,289
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
Single Family
Built in 1952
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63119, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,458 (100%) |
| Owner Occupied HU | 11,084 (71.7%) |
| Renter Occupied HU | 3,452 (22.3%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $376,319 |
| Average Home Value | $439,587 |
Housing Distribution
Address Breakdown
Residential
14,893
Single Family
12,751
Multi-Family
2,142
Businesses
1,289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Kim • Elevate Realty, LLC
Mls Name: MARIS
Mls ID: #25050060