208 Carter RoadSpartaMO65753
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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 Sparta at 208 Carter Road, Sparta, MO, 65753 offers $1,190/mo rent that, after a $2,203/mo payment. Total monthly income is $1,190/mo. Return on cash invested measures 6.93% in year one, and rental yield stands at 3.17% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 33.31% and total cumulative return in cash reaches $49,686. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,190/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65753, Sparta, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,664 (77.1%) |
| Renter Occupied HU | 358 (16.6%) |
| Vacant Housing Units | 135 ( 6.3%) |
| Median Home Value | $261,888 |
| Average Home Value | $334,432 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,868
Multi-Family
12
Businesses
64
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Listed by: Tammy O'Brien • O'Brien Realty, Inc.
Mls Name: SOMOMLS
Mls Provider:
Mls ID: #60292359
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