1889 Bay AveHannibalMO63401
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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 Hannibal at 1889 Bay Ave, Hannibal, MO, 63401 generates $2,345/mo in rent, after a $4,400/mo payment. Total monthly income is $2,345/mo. Return on cash invested sits at 6.86% in year one, and rental yield is 3.13% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 32.89% and total cumulative return in cash sums $97,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,345/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
6.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63401, Hannibal, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,918 (100%) |
| Owner Occupied HU | 5,791 (58.4%) |
| Renter Occupied HU | 3,066 (30.9%) |
| Vacant Housing Units | 1,061 (10.7%) |
| Median Home Value | $190,219 |
| Average Home Value | $223,764 |
Housing Distribution
Address Breakdown
Residential
9,080
Single Family
8,735
Multi-Family
345
Businesses
981
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