208 W 2nd StLamarMO64759
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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 208 W 2nd St, Lamar, MO, 64759 uses $75,416 cash to close to unlock $7,844/yr annual cash flow and $654/mo monthly cash flow. Total monthly income runs $2,070/mo, and a $1,114/mo payment keeps the spread at $654/mo. Purchase price stands at $227,500, and rental yield measures 10.92% with $2,070/mo rent. Return on cash invested shows 30.31% in year one, and 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 158.66% and total cumulative return in cash records $119,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $1,114/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.32 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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