23718 E 11th St SIndependenceMO64056
Nearby investment properties with comparable rents
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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
Rental property for sale in Independence at 23718 E 11th St S, Independence, MO, 64056 generates $3,263/mo in rent and, after a $1,938/mo payment, leaves $797/mo in cash flow. Total monthly income is $3,263/mo, and annual cash flow is $9,564/yr on $131,274 invested. Return on cash invested sits at 27.19% in year one, and rental yield is 9.89% on a $396,000 entry. Equity gained on principal adds $2,555/yr, while 5% annual appreciation builds toward $109,408 over five years. Five-year ROI reaches 141.94% and total cumulative return in cash sums $186,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,263/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
5,000 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: Ripley Assoc Team • Engel & Volkers Kansas City
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2582054