2402 E Laurel StJoplinMO64801
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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 Joplin at 2402 E Laurel St, Joplin, MO, 64801 uses $46,377 cash to close to unlock $1,446/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $992/mo, and a $685/mo payment keeps the spread at $120/mo. Purchase price stands at $139,900, and rental yield measures 8.51% with $992/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 119.68% and total cumulative return in cash records $55,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $992/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64801, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,109 (100%) |
| Owner Occupied HU | 8,513 (49.8%) |
| Renter Occupied HU | 6,875 (40.2%) |
| Vacant Housing Units | 1,721 (10.1%) |
| Median Home Value | $200,081 |
| Average Home Value | $236,329 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
14,670
Multi-Family
909
Businesses
1,693
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