23508 E 11th St SIndependenceMO64056
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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 Independence at 23508 E 11th St S, Independence, MO, 64056 offers a 8.91% rental yield on a $401,200 purchase with $2,980/mo rent. Total monthly income registers $2,980/mo, and a $1,964/mo payment leaves $408/mo available for distribution. Annual cash flow reaches $4,898/yr on $132,998 to close, and return on cash invested stands at 23.59% in year one. Equity gained on principal adds $2,589/yr while 5% annual appreciation supports $110,844 over five years. Portfolio math shows five-year ROI at 122.9% and total cumulative return in cash at $163,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,980/mo property income against a $1,964/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
4,443 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
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Listed by: N/A • N/A
Mls Name: ReeceNichols Real Estate
Mls Provider:
Mls ID: #2508571