302 3rd St EJoplinMT59531
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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 302 3rd St E, Joplin, MT, 59531 uses $46,410 cash to close to unlock $6,324/yr annual cash flow and $527/mo monthly cash flow. Total monthly income runs $1,345/mo, and a $685/mo payment keeps the spread at $527/mo. Purchase price stands at $140,000, and rental yield measures 11.53% with $1,345/mo rent. Return on cash invested shows 33.54% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 175.43% and total cumulative return in cash records $81,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,345/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59531, Joplin, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 184 (100%) |
| Owner Occupied HU | 109 (59.2%) |
| Renter Occupied HU | 19 (10.3%) |
| Vacant Housing Units | 56 (30.4%) |
| Median Home Value | $122,024 |
| Average Home Value | $154,610 |
Housing Distribution
Address Breakdown
Residential
38
Single Family
38
Multi-Family
0
Businesses
10
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