3031 S Monroe AveJoplinMO64804
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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 Joplin at 3031 S Monroe Ave, Joplin, MO, 64804 offers $1,808/mo rent that, after a $1,070/mo payment, leaves $446/mo cash flow. Total monthly income is $1,808/mo, and annual cash flow is $5,357/yr on $72,499 cash. Return on cash invested measures 27.3% in year one, and rental yield stands at 9.92% at a $218,700 entry. Equity gained on principal adds $1,411/yr while 5% annual appreciation compounds into $60,423 by year five. Five-year ROI records 142.56% and total cumulative return in cash reaches $103,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,808/mo property income versus a $1,070/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2011
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64804, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 10,510 (57.9%) |
| Renter Occupied HU | 5,849 (32.2%) |
| Vacant Housing Units | 1,783 ( 9.8%) |
| Median Home Value | $201,071 |
| Average Home Value | $253,353 |
Housing Distribution
Address Breakdown
Residential
16,919
Single Family
15,780
Multi-Family
1,139
Businesses
1,276
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