2920 S Michigan AveJoplinMO64804
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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 Joplin at 2920 S Michigan Ave, Joplin, MO, 64804 uses $58,013 cash to close to unlock $4,556/yr annual cash flow and $380/mo monthly cash flow. Total monthly income runs $1,470/mo, and a $857/mo payment keeps the spread at $380/mo. Purchase price stands at $175,000, and rental yield measures 10.08% with $1,470/mo rent. Return on cash invested shows 27.76% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 145.04% and total cumulative return in cash records $84,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,470/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,147 sqft 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
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