1615 S Drumm AveIndependenceMO64055
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
Investment Highlights
Investment property for sale in Independence at 1615 S Drumm Ave, Independence, MO, 64055 at $267,900 posts ROI 22.58% with $197/mo cash flow from $1,914/mo rent. Total monthly income equals $1,914/mo, and annual cash flow records $2,368/yr on $88,809 to close. Return on cash invested measures 22.58% and rental yield reads 8.57% at the current $267,900. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,016 by year five. Five-year ROI prints 117.45% and total cumulative return in cash totals $104,306.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,914/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.46 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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Nearby investment properties with comparable prices
Listed by: Shaun Ashley • RE/MAX Heritage
Mls Name: Heartland MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2572582
Disclaimer: Based on information submitted to the MLS GRID as of 2025-09-07 10:22:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604