2808 W 7th St #2JoplinMO64801
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2808 W 7th St #2, Joplin, MO, 64801 in Joplin worth study. Rental yield 2.89%. The 2.89% gross yield is below cash-flow benchmarks at $595,000, but 5% annual appreciation, adding $164,388 over five years, frames this as a capital growth position. Rent of $1,434/mo partially offsets the $2,675/mo payment. Ziffy Mortgage finances appreciation-play properties (0.54 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $79,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.9% | 7.8% |
| Monthly Cash Flow | $(2,272) | $320 |
City averages based on Joplin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,434 |
| Total Monthly Debt Service | $3,469 |
| DSCR Ratio | 0.41x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
2 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
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
Single Family
Built in N/A
2 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony Grantham • GLENN GROUP LLC
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #243849
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.