2948 Erb RdSaint LouisMO63129
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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
Rental property for sale in Saint Louis at 2948 Erb Rd, Saint Louis, MO, 63129 generates $2,502/mo in rent, after a $3,181/mo payment. Total monthly income is $2,502/mo. Return on cash invested sits at 11.39% in year one, and rental yield is 4.62% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 57.17% and total cumulative return in cash sums $122,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
3.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63129, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,519 (100%) |
| Owner Occupied HU | 17,371 (77.1%) |
| Renter Occupied HU | 4,425 (19.7%) |
| Vacant Housing Units | 723 ( 3.2%) |
| Median Home Value | $306,600 |
| Average Home Value | $348,667 |
Housing Distribution
Address Breakdown
Residential
22,299
Single Family
19,307
Multi-Family
2,992
Businesses
724
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Listed by: Alicia M Robinson • Coldwell Banker Realty - Gundaker
Mls Name: MARIS
Mls ID: #25082091