311 S Locust StCartervilleMO64835
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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 Carterville at 311 S Locust St, Carterville, MO, 64835 offers a 11.02% rental yield on a $139,900 purchase with $1,285/mo rent. Total monthly income registers $1,285/mo, and a $685/mo payment leaves $413/mo available for distribution. Annual cash flow reaches $4,962/yr on $46,377 to close, and return on cash invested stands at 30.61% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 160.35% and total cumulative return in cash at $74,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,285/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64835, Carterville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 897 (100%) |
| Owner Occupied HU | 560 (62.4%) |
| Renter Occupied HU | 218 (24.3%) |
| Vacant Housing Units | 119 (13.3%) |
| Median Home Value | $101,136 |
| Average Home Value | $135,018 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
33
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Listed by: The Real Estate Girlz, Lisa Mason • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls ID: #255896