1619 S Kier AveIndependenceMO64055
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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
Rental property for sale in Independence at 1619 S Kier Ave, Independence, MO, 64055 generates $377/mo in rent, after a $582/mo payment. Total monthly income is $377/mo. Return on cash invested sits at 8.85% in year one, and rental yield is 3.8% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 43.67% and total cumulative return in cash sums $17,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $377/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,030 sqft 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Judy Engle • Realty Professionals Heartland
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2595710