2 Northridge DrLamarMO64759
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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 Lamar at 2 Northridge Dr, Lamar, MO, 64759 uses $74,588 cash to close to unlock $3,480/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,691/mo, and a $1,101/mo payment keeps the spread at $290/mo. Purchase price stands at $225,000, and rental yield measures 9.02% with $1,691/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 127.88% and total cumulative return in cash records $95,385. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,691/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64759, Lamar, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,656 (100%) |
| Owner Occupied HU | 2,255 (61.7%) |
| Renter Occupied HU | 989 (27.1%) |
| Vacant Housing Units | 412 (11.3%) |
| Median Home Value | $166,039 |
| Average Home Value | $215,669 |
Housing Distribution
Address Breakdown
Residential
3,303
Single Family
3,303
Multi-Family
0
Businesses
337
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Listed by: Connee Forrester • Connee Forrester Realty, LLC
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #245610
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.