2201 Virginia AveJoplinMO64804
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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 Joplin at 2201 Virginia Ave, Joplin, MO, 64804 priced at $179,900 converts $1,836/mo rent into $715/mo cash flow after a $881/mo obligation. Total monthly income equals $1,836/mo, and annual cash flow totals $8,582/yr on $59,637 invested. Return on cash invested prints 34.3% in year one, and rental yield reads 12.25% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 180.15% and total cumulative return in cash sums $107,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,836/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1911
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64804, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 10,510 (57.9%) |
| Renter Occupied HU | 5,849 (32.2%) |
| Vacant Housing Units | 1,783 ( 9.8%) |
| Median Home Value | $201,071 |
| Average Home Value | $253,353 |
Housing Distribution
Address Breakdown
Residential
16,919
Single Family
15,780
Multi-Family
1,139
Businesses
1,276
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