2907 Penn StSaint JosephMO64507
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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 Saint Joseph at 2907 Penn St, Saint Joseph, MO, 64507 uses $37,128 cash to close to unlock $3,872/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $548/mo payment keeps the spread at $323/mo. Purchase price stands at $112,000, and rental yield measures 10.93% with $1,020/mo rent. Return on cash invested shows 30.34% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 158.87% and total cumulative return in cash records $58,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $548/mo payment rather than investor’s personal income.
Single Family
Built in 1907
6,534 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
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Listed by: Amanda Mays-Watson • REECENICHOLS-IDE CAPITAL
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2579889