231 Lake StreetRockaway BeachMO65740
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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 Rockaway Beach at 231 Lake Street, Rockaway Beach, MO, 65740 uses $41,073 cash to close to unlock $1,930/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $932/mo, and a $606/mo payment keeps the spread at $161/mo. Purchase price stands at $123,900, and rental yield measures 9.03% with $932/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $34,231 over five years. Five-year ROI reaches 128.07% and total cumulative return in cash records $52,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $932/mo property income covering a $606/mo payment rather than investor’s personal income.
Single Family
Built in 1942
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65740, Rockaway Beach, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,778 (100%) |
| Owner Occupied HU | 1,049 (59.0%) |
| Renter Occupied HU | 366 (20.6%) |
| Vacant Housing Units | 363 (20.4%) |
| Median Home Value | $137,076 |
| Average Home Value | $177,412 |
Housing Distribution
Address Breakdown
Residential
1,415
Single Family
1,415
Multi-Family
0
Businesses
26
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Listed by: Charyl Elena Soyland • Lakeside Realty, LLC.
Mls Name: SOMOMLS
Mls ID: #60308221