309 Amick AveNovingerMO63559
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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 Novinger at 309 Amick Ave, Novinger, MO, 63559 listed at $137,500 pairs $1,092/mo rent with a $673/mo payment to leave $236/mo cash flow. Total monthly income runs $1,092/mo, and annual cash flow reaches $2,828/yr on $45,581 cash to close. Return on cash invested measures 26.11% in year one, and rental yield registers 9.53% at a $137,500 basis. Equity gained on principal adds $887/yr, and annual property appreciation at 5% supports $37,989 by year five. Five-year ROI tracks 136.2% and total cumulative return in cash totals $62,081. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,092/mo property income relative to a $673/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1998
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63559, Novinger, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 660 (100%) |
| Owner Occupied HU | 448 (67.9%) |
| Renter Occupied HU | 89 (13.5%) |
| Vacant Housing Units | 123 (18.6%) |
| Median Home Value | $173,913 |
| Average Home Value | $225,368 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
526
Multi-Family
16
Businesses
12
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