1619 Washington Ave #802Saint LouisMO63103
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 Saint Louis at 1619 Washington Ave #802, Saint Louis, MO, 63103 offers a 11.2% rental yield on a $230,000 purchase with $2,147/mo rent. Total monthly income registers $2,147/mo, and a $1,126/mo payment leaves $714/mo available for distribution. Annual cash flow reaches $8,572/yr on $76,245 to close, and return on cash invested stands at 31.15% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 163.22% and total cumulative return in cash at $124,447. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,147/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63103, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 536 ( 8.3%) |
| Renter Occupied HU | 4,544 (70.0%) |
| Vacant Housing Units | 1,413 (21.8%) |
| Median Home Value | $225,667 |
| Average Home Value | $283,427 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
267
Multi-Family
5,552
Businesses
976
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher D Colizza • Mangrove
Mls Name: MARIS
Mls ID: #25080281