2906 Lafayette StSaint JosephMO64507
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2906 Lafayette St, Saint Joseph, MO, 64507 in Saint Joseph at $145,000 earns $1,103/mo in rent and nets $200/mo after the $652/mo payment, a 9.13% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $40,061 over five years. Ziffy Mortgage underwrites this on a 1.69 DSCR without U.S. credit history. With $1,335/yr in principal paydown, total projected return reaches $67,906.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $200 | $450 |
City averages based on Saint Joseph market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,103 |
| Total Monthly Debt Service | $845 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1917
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64507, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,930 (100%) |
| Owner Occupied HU | 3,561 (60.1%) |
| Renter Occupied HU | 1,703 (28.7%) |
| Vacant Housing Units | 666 (11.2%) |
| Median Home Value | $149,130 |
| Average Home Value | $193,327 |
Housing Distribution
Address Breakdown
Residential
5,674
Single Family
5,339
Multi-Family
335
Businesses
375
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 1917
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64507, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,930 (100%) |
| Owner Occupied HU | 3,561 (60.1%) |
| Renter Occupied HU | 1,703 (28.7%) |
| Vacant Housing Units | 666 (11.2%) |
| Median Home Value | $149,130 |
| Average Home Value | $193,327 |
Housing Distribution
Address Breakdown
Residential
5,674
Single Family
5,339
Multi-Family
335
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Harper • ReeceNichols-KCN
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2589543