302 S Elm StSweet SpringsMO65351
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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 Sweet Springs at 302 S Elm St, Sweet Springs, MO, 65351 priced at $172,000 converts $840/mo rent into after a $842/mo obligation. Total monthly income equals $840/mo. Return on cash invested prints 15.04% in year one, and rental yield reads 5.86% against a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation compiles into $47,520 by year five. Five-year ROI reaches 76.8% and total cumulative return in cash sums $43,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $840/mo property income covering a $842/mo payment, not borrower’s personal income.
Single Family
Built in 1908
6,579 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65351, Sweet Springs, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,097 (100%) |
| Owner Occupied HU | 725 (66.1%) |
| Renter Occupied HU | 220 (20.1%) |
| Vacant Housing Units | 152 (13.9%) |
| Median Home Value | $158,750 |
| Average Home Value | $218,762 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
971
Multi-Family
0
Businesses
72
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Listed by: Jenna Pearce • Grit Real Estate LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2583575