2323 Locust St APT 212Saint LouisMO63103
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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 Saint Louis at 2323 Locust St APT 212, Saint Louis, MO, 63103 uses $107,738 cash to close to unlock $5,432/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $2,477/mo, and a $1,591/mo payment keeps the spread at $453/mo. Purchase price stands at $325,000, and rental yield measures 9.15% with $2,477/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 129.93% and total cumulative return in cash records $139,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,477/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1922
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63103, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 536 ( 8.3%) |
| Renter Occupied HU | 4,544 (70.0%) |
| Vacant Housing Units | 1,413 (21.8%) |
| Median Home Value | $225,667 |
| Average Home Value | $283,427 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
267
Multi-Family
5,552
Businesses
976
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Listed by: Ryan Shakofsky • Coldwell Banker Premier Group
Mls Name: MARIS
Mls ID: #25058821