309 Mesa DrSmithvilleMO64089
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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 Smithville at 309 Mesa Dr, Smithville, MO, 64089 generates $2,280/mo in rent and, after a $1,561/mo payment, leaves $294/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $3,524/yr on $105,749 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 8.58% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 120.76% and total cumulative return in cash sums $127,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
8,712 sqft 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: Justin Hough • Iconic Real Estate Group, LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2592430