1906 N Grove DrIndependenceMO64058
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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 1906 N Grove Dr, Independence, MO, 64058 generates $1,740/mo in rent and, after a $984/mo payment, leaves $488/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $5,856/yr on $66,632 invested. Return on cash invested sits at 28.7% in year one, and rental yield is 10.39% on a $201,000 entry. Equity gained on principal adds $1,297/yr, while 5% annual appreciation builds toward $55,533 over five years. Five-year ROI reaches 150.02% and total cumulative return in cash sums $99,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64058, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,518 (100%) |
| Owner Occupied HU | 1,960 (77.8%) |
| Renter Occupied HU | 435 (17.3%) |
| Vacant Housing Units | 123 ( 4.9%) |
| Median Home Value | $250,000 |
| Average Home Value | $273,040 |
Housing Distribution
Address Breakdown
Residential
2,503
Single Family
2,503
Multi-Family
0
Businesses
85
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Listed by: Anthony Szpak • Hub Realty
Mls Name: HKMMLS as distributed by MLS GRID
Mls ID: #2562756