2705 S Michigan AveJoplinMO64804
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 2705 S Michigan Ave, Joplin, MO, 64804 earns $449/mo cash flow from $1,975/mo rent with a $1,199/mo payment. Total monthly income totals $1,975/mo, and annual cash flow totals $5,393/yr on $81,201 capital. ROI tracks 26.55% on current figures, and rental yield reads 9.68% at a $244,950 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,675 over five years. Five-year ROI reaches 138.54% and total cumulative return in cash sums $112,496. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,975/mo property income instead of your personal income.
Single Family
Built in 1960
0.28 Acres 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: Ortiz Real Estate, JJ Ortiz • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #255232
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.