311 W New StPalmyraMO63461
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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 Palmyra at 311 W New St, Palmyra, MO, 63461 priced at $249,900 converts $1,558/mo rent into $2/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,558/mo, and annual cash flow totals $22/yr on $82,842 invested. Return on cash invested prints 19.94% in year one, and rental yield reads 7.48% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 103.04% and total cumulative return in cash sums $85,358. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,558/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63461, Palmyra, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,622 (100%) |
| Owner Occupied HU | 1,675 (63.9%) |
| Renter Occupied HU | 643 (24.5%) |
| Vacant Housing Units | 304 (11.6%) |
| Median Home Value | $219,098 |
| Average Home Value | $271,575 |
Housing Distribution
Address Breakdown
Residential
2,481
Single Family
2,481
Multi-Family
0
Businesses
269
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