1863 Wilkerson StPlatte CityMO64079
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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 Platte City at 1863 Wilkerson St, Platte City, MO, 64079 offers a 7.24% rental yield on a $199,000 purchase with $1,200/mo rent. 19% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 99.06% and total cumulative return in cash at $65,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64079, Platte City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,923 (100%) |
| Owner Occupied HU | 4,279 (72.2%) |
| Renter Occupied HU | 1,388 (23.4%) |
| Vacant Housing Units | 256 ( 4.3%) |
| Median Home Value | $372,475 |
| Average Home Value | $400,408 |
Housing Distribution
Address Breakdown
Residential
5,631
Single Family
5,386
Multi-Family
245
Businesses
393
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Listed by: Tracy Setser • RE/MAX Innovations
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2582973