2409 W 29th StJoplinMO64804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2409 W 29th St, Joplin, MO, 64804 offers a 10.59% rental yield on a $240,500 purchase with $2,123/mo rent. Total monthly income registers $2,123/mo, and a $1,177/mo payment leaves $625/mo available for distribution. Annual cash flow reaches $7,504/yr on $79,726 to close, and return on cash invested stands at 29.32% in year one. Equity gained on principal adds $1,552/yr while 5% annual appreciation supports $66,446 over five years. Portfolio math shows five-year ROI at 153.39% and total cumulative return in cash at $122,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,123/mo property income against a $1,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64804, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 10,510 (57.9%) |
| Renter Occupied HU | 5,849 (32.2%) |
| Vacant Housing Units | 1,783 ( 9.8%) |
| Median Home Value | $201,071 |
| Average Home Value | $253,353 |
Housing Distribution
Address Breakdown
Residential
16,919
Single Family
15,780
Multi-Family
1,139
Businesses
1,276
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Smith • REALTY EXECUTIVES TRI-STATES
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #252784
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.