2006 E Norma CtExcelsior SpringsMO64024
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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 Excelsior Springs at 2006 E Norma Ct, Excelsior Springs, MO, 64024 offers a 8.25% rental yield on a $449,000 purchase with $3,087/mo rent. Total monthly income registers $3,087/mo, and a $2,198/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,484/yr on $148,844 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 115.46% and total cumulative return in cash at $171,856. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,087/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64024, Excelsior Springs, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,970 (100%) |
| Owner Occupied HU | 4,802 (68.9%) |
| Renter Occupied HU | 1,710 (24.5%) |
| Vacant Housing Units | 458 ( 6.6%) |
| Median Home Value | $248,953 |
| Average Home Value | $305,115 |
Housing Distribution
Address Breakdown
Residential
6,531
Single Family
6,013
Multi-Family
518
Businesses
432
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Listed by: Hightower Heritage Team • Jason Mitchell Real Estate Mis
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2547617