205 Michigan AveSaint JosephMO64504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Saint Joseph at 205 Michigan Ave, Saint Joseph, MO, 64504 priced at $139,000 converts $1,037/mo rent into $172/mo cash flow after a $680/mo obligation. Total monthly income equals $1,037/mo, and annual cash flow totals $2,060/yr on $46,079 invested. Return on cash invested prints 24.38% in year one, and rental yield reads 8.95% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 126.9% and total cumulative return in cash sums $58,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,037/mo property income covering a $680/mo payment, not borrower’s personal income.
Multi Family
Built in 1917
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64504, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,679 (100%) |
| Owner Occupied HU | 2,999 (64.1%) |
| Renter Occupied HU | 1,109 (23.7%) |
| Vacant Housing Units | 571 (12.2%) |
| Median Home Value | $145,305 |
| Average Home Value | $190,535 |
Housing Distribution
Address Breakdown
Residential
4,238
Single Family
4,154
Multi-Family
84
Businesses
274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KATHLEEN SAULAN • Coldwell Banker General Property
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2564582