16815 E 42nd TerIndependenceMO64055
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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 16815 E 42nd Ter, Independence, MO, 64055 generates $2,653/mo in rent and, after a $1,786/mo payment, leaves $380/mo in cash flow. Total monthly income is $2,653/mo, and annual cash flow is $4,564/yr on $120,998 invested. Return on cash invested sits at 23.68% in year one, and rental yield is 8.72% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 123.13% and total cumulative return in cash sums $148,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,653/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
8,411 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
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