302 W 6th StNew LondonMO63459
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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 New London at 302 W 6th St, New London, MO, 63459 uses $55,858 cash to close to unlock $5,524/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $1,510/mo, and a $825/mo payment keeps the spread at $460/mo. Purchase price stands at $168,500, and rental yield measures 10.75% with $1,510/mo rent. Return on cash invested shows 29.8% in year one, and 5% annual appreciation builds toward $46,553 over five years. Five-year ROI reaches 156% and total cumulative return in cash records $87,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,510/mo property income covering a $825/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63459, New London, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,826 (100%) |
| Owner Occupied HU | 1,420 (77.8%) |
| Renter Occupied HU | 287 (15.7%) |
| Vacant Housing Units | 119 ( 6.5%) |
| Median Home Value | $172,236 |
| Average Home Value | $222,676 |
Housing Distribution
Address Breakdown
Residential
1,534
Single Family
1,534
Multi-Family
0
Businesses
92
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Listed by: Teree Haynes • Hannibal Realty LLC
Mls Name: MARIS
Mls ID: #25076800