22585 State Highway KNovingerMO63559
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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 Novinger at 22585 State Highway K, Novinger, MO, 63559 offers a 6.65% rental yield on a $599,900 purchase with $3,326/mo rent. 57% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 90.33% and total cumulative return in cash at $178,276. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,326/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63559, Novinger, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 660 (100%) |
| Owner Occupied HU | 448 (67.9%) |
| Renter Occupied HU | 89 (13.5%) |
| Vacant Housing Units | 123 (18.6%) |
| Median Home Value | $173,913 |
| Average Home Value | $225,368 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
526
Multi-Family
16
Businesses
12
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