237 Renee AvenueSpartaMO65753
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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 Sparta at 237 Renee Avenue, Sparta, MO, 65753 listed at $235,000 pairs $2,029/mo rent with a $1,150/mo payment to leave $566/mo cash flow. Total monthly income runs $2,029/mo, and annual cash flow reaches $6,788/yr on $77,903 cash to close. Return on cash invested measures 28.62% in year one, and rental yield registers 10.36% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 149.64% and total cumulative return in cash totals $116,572. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,029/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65753, Sparta, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,664 (77.1%) |
| Renter Occupied HU | 358 (16.6%) |
| Vacant Housing Units | 135 ( 6.3%) |
| Median Home Value | $261,888 |
| Average Home Value | $334,432 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,868
Multi-Family
12
Businesses
64
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