3013 S 29th StSaint JosephMO64503
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.6% gross rental yield, 3013 S 29th St, Saint Joseph, MO, 64503 in Saint Joseph is priced for capital growth, not immediate cash flow. The $269,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $74,568 by year five, with $2,486/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.04) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $75,332.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(421) | $450 |
City averages based on Saint Joseph market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,260 |
| Total Monthly Debt Service | $1,574 |
| DSCR Ratio | 0.80x |
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 1913
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64503, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,667 (100%) |
| Owner Occupied HU | 3,257 (57.5%) |
| Renter Occupied HU | 1,651 (29.1%) |
| Vacant Housing Units | 759 (13.4%) |
| Median Home Value | $161,031 |
| Average Home Value | $181,612 |
Housing Distribution
Address Breakdown
Residential
5,509
Single Family
5,236
Multi-Family
273
Businesses
358
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 1913
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64503, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,667 (100%) |
| Owner Occupied HU | 3,257 (57.5%) |
| Renter Occupied HU | 1,651 (29.1%) |
| Vacant Housing Units | 759 (13.4%) |
| Median Home Value | $161,031 |
| Average Home Value | $181,612 |
Housing Distribution
Address Breakdown
Residential
5,509
Single Family
5,236
Multi-Family
273
Businesses
358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph LARKIN • REECENICHOLS-IDE CAPITAL
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2594564