306 Porter DrSmithvilleMO64089
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Nearby investment properties with comparable prices
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 Smithville at 306 Porter Dr, Smithville, MO, 64089 offers $2,280/mo rent that, after a $1,664/mo payment, leaves $163/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $1,952/yr on $112,710 cash. Return on cash invested measures 21.64% in year one, and rental yield stands at 8.05% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 112.18% and total cumulative return in cash reaches $126,438. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64089, Smithville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,489 (100%) |
| Owner Occupied HU | 4,430 (80.7%) |
| Renter Occupied HU | 891 (16.2%) |
| Vacant Housing Units | 168 ( 3.1%) |
| Median Home Value | $363,821 |
| Average Home Value | $447,894 |
Housing Distribution
Address Breakdown
Residential
5,436
Single Family
5,436
Multi-Family
0
Businesses
366
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Nearby investment properties with comparable prices
Listed by: Suzanne Steenkamp • Platinum Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2574607