1617 S Monroe AveJoplinMO64801
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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 1617 S Monroe Ave, Joplin, MO, 64801 uses $66,134 cash to close to unlock $2,940/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $976/mo payment keeps the spread at $245/mo. Purchase price stands at $199,500, and rental yield measures 8.94% with $1,487/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash records $83,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64801, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,109 (100%) |
| Owner Occupied HU | 8,513 (49.8%) |
| Renter Occupied HU | 6,875 (40.2%) |
| Vacant Housing Units | 1,721 (10.1%) |
| Median Home Value | $200,081 |
| Average Home Value | $236,329 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
14,670
Multi-Family
909
Businesses
1,693
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