302 E Cherry StSkidmoreMO64487
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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 Skidmore at 302 E Cherry St, Skidmore, MO, 64487 priced at $137,500 converts $0/mo rent into after a $673/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.64% in year one, and rental yield reads 0% against a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation compiles into $37,989 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $673/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64487, Skidmore, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 321 (100%) |
| Owner Occupied HU | 222 (69.2%) |
| Renter Occupied HU | 58 (18.1%) |
| Vacant Housing Units | 41 (12.8%) |
| Median Home Value | $158,333 |
| Average Home Value | $179,876 |
Housing Distribution
Address Breakdown
Residential
302
Single Family
302
Multi-Family
0
Businesses
11
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No similar rental properties found nearby.
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